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November
17
2021

It Has Begun – Get Ready To Pay Much Higher Prices For Meat From Now On
Michael Snyder

The era of cheap meat is over.  For those that are carnivores, that is really bad news.  For decades, Americans have been able to count on the fact that there would always be mountains of very inexpensive meat at the local grocery store, but now those days are gone and they aren’t coming back.  As I was writing this introductory paragraph, it struck me that what is happening to meat prices actually parallels what I wrote about yesterday.  Just as the left doesn’t want us to use traditional forms of energy because they believe that doing so is “bad” for the climate, so they also detest that a lot of us like to eat a lot of meat because the production of meat causes levels of certain greenhouse gases to rise.  Sometimes we joke about the methane that comes from “cow farts”, but radicals on the left take this stuff deadly seriously.  And at the same time that gasoline prices are soaring into the stratosphere, the exact same thing is happening to meat prices.  In fact, we just learned that the price of beef in the U.S. has risen more than 20 percent since last October…

Behind unleaded gasoline, beef prices have risen the most on the Consumer Price Index (CPI) since October 2020, rising 20.1% in the past year, according to the Bureau of Labor Statistics.

An increase of over 20 percent in one year is deeply alarming.

Unfortunately, it isn’t just the price of beef that is soaring.  Tyson Foods just released some new numbers which show that beef, pork and chicken prices are all rising dramatically…

The biggest meat company by sales in the United States has announced significant price rises for the fourth quarter, as the impact of the highest inflation for 30 years continues to be felt.

Tyson Foods, based in Springdale, Arkansas, announced on Monday that chicken prices rose 19 percent during its fiscal fourth quarter, while beef and pork prices jumped 33 percent and 38 percent, respectively.

During the early portion of this crisis, Tyson Foods was reluctant to pass increasing costs along to consumers, but now we are being informed that they don’t intend to make the same mistake again…

Stewart Glendinning, the chief financial officer of Tyson Foods, said that they have been slow to increase their prices, in line with inflation, but are now making up for the delay.

‘We expect to take continued pricing actions to ensure that any inflationary cost increases that our business incurs are passed along,’ he said, on the company’s quarterly earnings call.

Sadly, this is just the beginning.  The price of meat is only going to go higher from here, and eventually it will get to a point where meat prices become exceedingly painful.

Of course there are many that would argue that we are already there.

As food prices continue to climb, those that help the needy are going to have a much more difficult time trying to do so.

For example, the Salvation Army is projecting that it will need 50 percent more funding than last year as it feeds more Americans than ever before…

The Salvation Army is planning to serve more meals than in 2020’s record year, and will need around 50% more funding to meet the buoyed demand, Hodder said. He expects rental and utilities assistance to lead the pack of requested aid.

“We’re fearful of what we’re calling ‘pandemic poverty,’” Hodder said.

The price of gasoline continues to shoot up as well.

On Tuesday, the average price of gasoline in California set a new record high for the third day in a row…

Gas prices in California have broken a new record with an average price tag of $4.687 for a regular gallon as of Tuesday morning, according to the American Automobile Association.

It was the third day in a row the state has recorded record breaking prices as Monday’s average gas price was $4.682 and Sunday’s was $4.676 which broke the previous state record of $4.671 in October 2012.

Needless to say, the price of gasoline is quite a bit higher than that in certain urban areas.

In downtown Los Angeles, one unfortunate motorist ended up paying more than six dollars a gallon on Monday…

Brian Sproule squinted against the sun on Monday as he examined the price board at a Chevron station in downtown Los Angeles, where a regular gallon of gas was $6.05.

Sproule, 37, is a mobile notary who spends much of his time in his car. He said he’s used to spending about $40 to fill his tank, but by the time he capped off his Hyundai Elantra, the meter displayed a whopping $71.59.

Can you imagine paying that much for gasoline?

Don’t think that it can’t happen where you live.  Eventually, everyone in the entire country will be seeing such prices.

As “Bidenflation” makes headlines day after day, U.S. consumers are becoming increasingly pessimistic.  Just check out the latest consumer confidence number released by the University of Michigan…

The University of Michigan’s consumer sentiment index fell to 66.8 in November – down sharply from the October reading of 71.7 and well below economists’ forecast for a reading of 72.4.

“Consumer sentiment fell in early November to its lowest level in a decade due to an escalating inflation rate and the growing belief among consumers that no effective policies have yet been developed to reduce the damage from surging inflation,” Richard Curtin, the survey’s chief economist, said in a statement.

Americans haven’t been this negative about the economy in a really long time.

And it is becoming increasingly clear that things are going to get even worse in the months ahead.  Our leaders continue to promise that they will make progress on the problems that we are facing, but those problems just keep on escalating.  In fact, the number of giant container ships waiting off the coast of southern California just hit another new record high…

On Friday and Monday, yet another record was set for the number of container ships stuck at anchor or in holding patterns off the ports: 83. The average wait time at anchor for ships arriving in Los Angeles hit yet another fresh peak on Tuesday: 16.9 days.

That really surprises me.

Despite all of the national attention, and despite the fact that the Biden administration has gotten directly involved, the nightmare at the ports in southern California just continues to intensify.

If we can’t even figure out how to get stuff unloaded and moved across the country in a timely manner, what hope do we have of properly addressing our more complex economic problems?

As our economy is shaken by crisis after crisis, millions upon millions of families all over the nation are deeply suffering.

My name is Michael Snyder and my brand new book entitled “7 Year Apocalypse” is now available on Amazon.com.  During this season, I would like to encourage you to send digital copies of my new book to your family and friends as gifts.  That will help to support the work that I am doing, and it will help to multiply the impact of the book.  In addition to my new book I have written five other books that are available on Amazon.com including  “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, “Get Prepared Now”, and “Living A Life That Really Matters”. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

 

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