Is this the future for food prices?

It could be for the foreseeable future.

Many ranchers reduced their herds at the beginning of the pandemic due to disruptions in the meat packing industry.

It will take 18-28 months for beef cattle to go from the honeymoon to the table.

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Something near and dear to my "stomach"... food!!

I have been trying to follow all of this since the onset 21 months ago (in USA). Currently, it falls into three categories, hoarding, labor and weather. Freezers and refrigerators are still in back order, meaning that surge of 20 months ago is continuing. Unless these items are being used to store ice, then I would expect hoarding is a significant factor.

Increased demand has strained the slaughter houses and the more expensive boneless cuts are giving sway to bone-in, etc. There is some indication that China has replenished their hog herds and are reducing the importation of pork products. (The hog herds were ravaged due to swine flu, prior to covid.) Other imported food items are on the uptick.

Then there is the weather. Grains in the upper Midwest and Canada were severely stunted by those early temps, drought, smoke and then heavy rains. This seems to be a global phenomena, as some very large importing nations are requiring more, due to internal weather, just as the large exporters have their crop yields reduced.

As most of the USA food supply is of NA origin, supply chain should not be quite so hampered... although packaging materials, parts for packaging machines, packaging machines, etc. are largely imported from Asia.

That's my 2¢ worth, which the value of is eroding by the day.
 
Between the 4 Latino super market & the 3 major chain markets here when sales are posted little has changed for us. I like an occasional burger for a sandwich so I use boneless chuck for grinding. On sale @ $2.59 I usually buy two & freeze them. For tacos I like coarse grinding boneless pork which when on sale usually is 99 cents a lb. The boneless pork roasts usually come 4 to a pack & weigh about 2lbs each. That gives me a lot of options, like pork cubes, cutting boneless chops, & double thick for stuffing. Whole roast for making pernil that can make more than one meal.

As for veggies & fruit can't beat the Latino markets for low prices.

The best deal was for USDA choice T-bone steaks recently @ $3.59 a lb. I found out I don't like T-bone as much as I like USDA petite sirloin which has been on sale for $2.59.

Having two refrigerators with side by side freezers & a Kitchen aid stand mixer with a grinding attachment we bought long ago really pays off now.
 


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