Author Topic: US Drought causes GRAIN & BEEF Prices to Rise  (Read 2807 times)

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Sodopondfisher

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US Drought causes GRAIN & BEEF Prices to Rise
« on: September 03, 2012, 02:27:57 PM »
« Last Rated on: September 27, 2012, 08:29:04 PM »
U.S. drought drives up food prices worldwide 
"This is not some gentle monthly wake-up call, it's the same global alarm that's been screaming at us since 2008," said Colin Roche of Oxfam, noting that the drought could lead to food shortages for millions of people worldwide.
Food is a major U.S. export, so the drought affects prices around the globe.
 "World leaders must snap out of their lazy complacency and realize the time of cheap food has long gone," Roche said.
Related: Corn prices rally to new record high
 In July, food prices jumped 6%, after three months of declines, according to the United Nations' monthly Food Price Index released Thursday. The main drivers behind the increase? Grain prices. And more specifically, corn prices, which have hit record highs in recent weeks.
According to the U.N. report, global corn prices surged nearly 23% in July, exacerbated by "the severe deterioration of maize crop prospects in the United States, following drought conditions and excessive heat during critical stages of the crop development."
What's next. Expect meat prices to move higher into next year as ranchers get their cattle inventories to manageable levels.
"You might have some extra supply this year as people liquidate their herds," said McNamara. "[But] you're going to have, a year from now, tighter supplies as people reduce their herds in the U.S."
[/color][size=0pt]BEEF PRICES TO RISE FAST[/size][size=0pt]
 The
price of ground beef[/b][/url] could rise to about $2.88 per pound this yea[/b][/color]r, a 4% jump from last year, when the average price per pound was $2.77, according to data from the U.S. Bureau of Labor Statistics and the U.S. Department of Agriculture. And if you want steak, get ready to pay 25 cents more per pound for sirloin, with the average price rising to $6.47.[/font][/size]
 
US drought prompts grain rise
 FULL STORY HERE
 International wheat prices have climbed heavily in the last month after several maize crop downgrades by the United States Department of Agriculture (USDA), as the Midwest 'corn-belt' gets baked.
 
 The United States (US) is the world's largest maize producer and much of the American crop is under serious pressure as it battles a mid-west drought while in the crucial pollination period. Reports from note the dry spell is the worst in nearly

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Offline CouponPrepper

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Re: US Drought causes GRAIN & BEEF Prices to Rise
« Reply #1 on: September 12, 2012, 07:41:56 AM »
WARNING: Prices WILL RISE This coming year! There is no question, its simple math. Much
of our crop is destroyed. Buy now, save later! Or buy now, and be prepared for a disaster!

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Offline NCPrepperMom

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Re: US Drought causes GRAIN & BEEF Prices to Rise
« Reply #2 on: September 13, 2012, 03:19:32 PM »
« Last Rated on: September 27, 2012, 08:29:21 PM »
have been warning my family and anyone else I talk to. I have been telling them that food prices next year will make it hard for anyone living on a fixed income to afford to buy meat next year, so buy now and save.

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Offline CouponPrepper

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Re: US Drought causes GRAIN & BEEF Prices to Rise
« Reply #3 on: September 13, 2012, 03:23:35 PM »
Right on Preppermom-- it is 100% sure prices will go up,, all that needs to be seen is how much!

If you can afford to stock now, you will save later. Thats a fact. Thanks :) See ya soon!