Author Topic: Grocery Prices  (Read 6918 times)

BG2008

  • Hero Member
  • *****
  • Posts: 1552
Grocery Prices
« on: June 30, 2020, 11:13:56 AM »
Anyone else notice meat prices going through the roof lately?  We started to order meat in bulk from Baldor who used to supply restaurants.  There are enough people in my house, so we would buy 15lb ribeye at a time.  Prices were $13-14 per lb and they are now $22-23.  I have read a lot about slaughter house having Covid issues.  I haven't been to Costco as we have opted to order via delivery.  Anyone else seeing large food inflation?


Parsad

  • Administrator
  • Hero Member
  • *****
  • Posts: 8940
Re: Grocery Prices
« Reply #1 on: June 30, 2020, 11:31:03 AM »
Anyone else notice meat prices going through the roof lately?  We started to order meat in bulk from Baldor who used to supply restaurants.  There are enough people in my house, so we would buy 15lb ribeye at a time.  Prices were $13-14 per lb and they are now $22-23.  I have read a lot about slaughter house having Covid issues.  I haven't been to Costco as we have opted to order via delivery.  Anyone else seeing large food inflation?

I see low interest rates and energy prices, and constant prices in streaming, tech, cable, etc, but I see inflation in a number of places...food, home prices, auto prices (contrary to what I expected), restaurants (making up lost income and reduced business), strata/HOA fees, strata insurance, P/C insurance in general.  Cheers!
No man is a failure who has friends!

Castanza

  • Hero Member
  • *****
  • Posts: 1285
Re: Grocery Prices
« Reply #2 on: June 30, 2020, 11:36:03 AM »
Anyone else notice meat prices going through the roof lately?  We started to order meat in bulk from Baldor who used to supply restaurants.  There are enough people in my house, so we would buy 15lb ribeye at a time.  Prices were $13-14 per lb and they are now $22-23.  I have read a lot about slaughter house having Covid issues.  I haven't been to Costco as we have opted to order via delivery.  Anyone else seeing large food inflation?

Congress needs to pass the PRIME act.

Vegas had an interesting situation. Apparently many farms around there rely on food scraps to feed pigs. Well with everything closed the pigs were not getting enough food and beginning to starve. Since these pigs were not a specific weight the farms were not allowed to slaughter them for consumption. Instead, they had to euthanize hundreds of thousands of pigs and discard them.

This is happening all over and I personally know a farmer who has been dumping milk on the ground because schools are closed and he can't sell the milk directly to individuals legally. And he had to euthanize 2,000 pigs for similar reasons.

I helped him spread the milk (now used for fertilizer) on his fields a few months back and good lord there is nothing worse smelling than that.
Core: BRK | MSFT | GOOG | RTX | MSGS | TPL | WFC | VZ | VNO | PCYO | PLNT | ESPO | HACK

Pelagic

  • Sr. Member
  • ****
  • Posts: 365
Re: Grocery Prices
« Reply #3 on: June 30, 2020, 12:00:00 PM »
Anyone else notice meat prices going through the roof lately?  We started to order meat in bulk from Baldor who used to supply restaurants.  There are enough people in my house, so we would buy 15lb ribeye at a time.  Prices were $13-14 per lb and they are now $22-23.  I have read a lot about slaughter house having Covid issues.  I haven't been to Costco as we have opted to order via delivery.  Anyone else seeing large food inflation?

Congress needs to pass the PRIME act.

Vegas had an interesting situation. Apparently many farms around there rely on food scraps to feed pigs. Well with everything closed the pigs were not getting enough food and beginning to starve. Since these pigs were not a specific weight the farms were not allowed to slaughter them for consumption. Instead, they had to euthanize hundreds of thousands of pigs and discard them.

This is happening all over and I personally know a farmer who has been dumping milk on the ground because schools are closed and he can't sell the milk directly to individuals legally. And he had to euthanize 2,000 pigs for similar reasons.

I helped him spread the milk (now used for fertilizer) on his fields a few months back and good lord there is nothing worse smelling than that.

From what I understand, pigs had a similar situation to oil where there was no available storage and with processing facilities closed farmers around the country were forced to euthanize millions of pigs. Pig farmers don't really have a way to store excess pigs since farms specialize in age groups and once pigs age out of the farm they go on to the next farm or to the processing facility. A really unfortunate situation compounded by a number of laws that prevent farmers from selling pigs directly to consumers, butchering them themselves, or for smaller processing facilities to sell to consumers.

I think when there is time government at all levels should take a serious look at some of the food laws that have been enacted for our "safety". Federally regulated processing plants are a clear chokepoint in the system.

Castanza

  • Hero Member
  • *****
  • Posts: 1285
Re: Grocery Prices
« Reply #4 on: June 30, 2020, 12:14:38 PM »
Anyone else notice meat prices going through the roof lately?  We started to order meat in bulk from Baldor who used to supply restaurants.  There are enough people in my house, so we would buy 15lb ribeye at a time.  Prices were $13-14 per lb and they are now $22-23.  I have read a lot about slaughter house having Covid issues.  I haven't been to Costco as we have opted to order via delivery.  Anyone else seeing large food inflation?

Congress needs to pass the PRIME act.

Vegas had an interesting situation. Apparently many farms around there rely on food scraps to feed pigs. Well with everything closed the pigs were not getting enough food and beginning to starve. Since these pigs were not a specific weight the farms were not allowed to slaughter them for consumption. Instead, they had to euthanize hundreds of thousands of pigs and discard them.

This is happening all over and I personally know a farmer who has been dumping milk on the ground because schools are closed and he can't sell the milk directly to individuals legally. And he had to euthanize 2,000 pigs for similar reasons.

I helped him spread the milk (now used for fertilizer) on his fields a few months back and good lord there is nothing worse smelling than that.

From what I understand, pigs had a similar situation to oil where there was no available storage and with processing facilities closed farmers around the country were forced to euthanize millions of pigs. Pig farmers don't really have a way to store excess pigs since farms specialize in age groups and once pigs age out of the farm they go on to the next farm or to the processing facility. A really unfortunate situation compounded by a number of laws that prevent farmers from selling pigs directly to consumers, butchering them themselves, or for smaller processing facilities to sell to consumers.

I think when there is time government at all levels should take a serious look at some of the food laws that have been enacted for our "safety". Federally regulated processing plants are a clear chokepoint in the system.

Food waste is heavily driven by regulations. Go to any education center cafeteria and ask what they do with the leftovers. 90% of them will say they have to trash to food. They can't even donate it to homeless shelters for the most part. Craziness
Core: BRK | MSFT | GOOG | RTX | MSGS | TPL | WFC | VZ | VNO | PCYO | PLNT | ESPO | HACK

Gregmal

  • Hero Member
  • *****
  • Posts: 3857
Re: Grocery Prices
« Reply #5 on: June 30, 2020, 12:17:21 PM »
Maybe I'm an outlier, but I doubt it, being in NJ. Ive found that grocery prices over the past year have gotten exceptionally cheap. Maybe its an implementation or greater promotion of store brands, but I regularly marvel at the fact that I can go to the supermarket, on a daily basis, and buy lunch, snacks, and dinner for the family(of 4, plus dogs) for under $30. For instance,

Breakfast:
Box of store brand Frosted Flakes 1.79; lasts a week
Eggs 2.79, lasts 1-2 weeks
Orange Juice 2.50, lasts 5-7 days
Milk 3.39 per gallon, lasts 3 days

Lunch:
Mac and Cheese for kids, .79c a box
Chicken Nuggets 2.99, lasts for 2 meals
Hanger Steak 6.99 lb
Chopped salad $2.29

Dinner:
Salmon $7.99 lb
Rice Pilaf 1.19 a box
Brussel Sprouts 2.99 lb
Shrimp $6.99 lb
Pasta .89 a box
Butter $1 per stick

So as you can see, breakfast $10-15 covers a family of 4 for a week. Lunch you're running $10 a day, and dinner probably $10 a day as well. Insane to me considering before kids I would regularly spend $50 a meal, and often $100 for dinner.


BG2008

  • Hero Member
  • *****
  • Posts: 1552
Re: Grocery Prices
« Reply #6 on: June 30, 2020, 12:40:12 PM »
Maybe I'm an outlier, but I doubt it, being in NJ. Ive found that grocery prices over the past year have gotten exceptionally cheap. Maybe its an implementation or greater promotion of store brands, but I regularly marvel at the fact that I can go to the supermarket, on a daily basis, and buy lunch, snacks, and dinner for the family(of 4, plus dogs) for under $30. For instance,

Breakfast:
Box of store brand Frosted Flakes 1.79; lasts a week
Eggs 2.79, lasts 1-2 weeks
Orange Juice 2.50, lasts 5-7 days
Milk 3.39 per gallon, lasts 3 days

Lunch:
Mac and Cheese for kids, .79c a box
Chicken Nuggets 2.99, lasts for 2 meals
Hanger Steak 6.99 lb
Chopped salad $2.29

Dinner:
Salmon $7.99 lb
Rice Pilaf 1.19 a box
Brussel Sprouts 2.99 lb
Shrimp $6.99 lb
Pasta .89 a box
Butter $1 per stick

So as you can see, breakfast $10-15 covers a family of 4 for a week. Lunch you're running $10 a day, and dinner probably $10 a day as well. Insane to me considering before kids I would regularly spend $50 a meal, and often $100 for dinner.

Your grocery bills makes me weep. 

SHDL

  • Hero Member
  • *****
  • Posts: 610
Re: Grocery Prices
« Reply #7 on: June 30, 2020, 01:23:05 PM »
I saw higher prices (and product shortages) around March-April but I lost track after that because I started getting my groceries delivered from a different store.

Anyway, in my area you can get Costco items delivered through Instacart and they have ribeyes listed at $14.7/lb. Might be worth checking out.

ERICOPOLY

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 8040
Re: Grocery Prices
« Reply #8 on: June 30, 2020, 01:46:15 PM »
Here is what I might have for a day of groceries for myself:

Breakfast:  oatmeal
Lunch:  broccoli & spinach,
Dinner: cauliflower with wild rice,beans, and corn with glass of wine.

About $12/day

sarganaga

  • Full Member
  • ***
  • Posts: 124
Re: Grocery Prices
« Reply #9 on: June 30, 2020, 01:50:37 PM »
Prices at chain grocery stores like Smith's seem like they're moving up  here in Las Vegas. However, prices at ethnic markets like La Bonita and Ranch 99 are very reasonable. Prices for quality produce are astonishingly cheap at La Bonita. For example, limes were 25 cents a pound last time I was there.