Cheeseburger in U.S, explains bigger grocery bill of American consumers. they r seeing food prices rise at the fastest rate in decades. Supply chain snarls, labor shortages & climate challenges (plus the conflict in Ukraine) share the blame, but the main culprit is #Consolidation
Beef
Beef costs 16% more Vs March 2021.
Tyson, JBS, National & Cargill have been accused of increasing prices on meat products while keeping rancher profits low, they control over 80 % of the beef supply chain.
4 companies owning 80% beef supply is "pure" consolidation guys !
Beef costs 16% more Vs March 2021.
Tyson, JBS, National & Cargill have been accused of increasing prices on meat products while keeping rancher profits low, they control over 80 % of the beef supply chain.
4 companies owning 80% beef supply is "pure" consolidation guys !
Bun
US port congestion has hampered bread bakers, who were waiting longer for those products. 50 input costs had jumped by double digits as of Jan, including hikes in the prices for wheat & natural gas reqd to power ovens. this was before Ukraine crisis, a major wheat exporter
US port congestion has hampered bread bakers, who were waiting longer for those products. 50 input costs had jumped by double digits as of Jan, including hikes in the prices for wheat & natural gas reqd to power ovens. this was before Ukraine crisis, a major wheat exporter
#Ukraine crisis has taken one of the world’s top wheat producers off market, compounded by a recent ban on Russian oil & gas that is exacerbating high energy prices. If Ukraine is not able to get their spring crops into the ground, we could see significant food security issues !!
#Bacon for burgers
Meat eaters may be inclined to top their burger with strips of bacon, at a cost, and this cost has increase many manifold. The price of bacon has jumped 18.2 percent from March 2021 to March 2022.
Meat eaters may be inclined to top their burger with strips of bacon, at a cost, and this cost has increase many manifold. The price of bacon has jumped 18.2 percent from March 2021 to March 2022.
What's behind the #Bacon price increase?
About 16% of the domestic pork supply goes into producing bacon, with Iowa, Minnesota and North Carolina leading the nation in pig production. Four companies — Smithfield, JBS, Tyson & Hormel — control 67% of the market, raising concerns.
About 16% of the domestic pork supply goes into producing bacon, with Iowa, Minnesota and North Carolina leading the nation in pig production. Four companies — Smithfield, JBS, Tyson & Hormel — control 67% of the market, raising concerns.
#Pork producers have been warning of the impacts of decreasing farm labor accessibility & are calling for unlimited access to H-2A visas for temporary agricultural workers. But divides between Senate & House Republicans have stalled negotiations on changes to the visa program.
Eggs
Egg prices was up 11.2% in March compared to a year prior. The persistently high demand behind the rise in egg prices. Farmers have also had to pay more money for chicken feed, transportation, & have struggled with employee retention. That all adds to their operation costs.
Egg prices was up 11.2% in March compared to a year prior. The persistently high demand behind the rise in egg prices. Farmers have also had to pay more money for chicken feed, transportation, & have struggled with employee retention. That all adds to their operation costs.
Avocados don’t just go on toast. The avg avocado price is $1.39, which is 39% higher than it was the same time last year.
What's behind the price increase?
Over 80% of avocados sold are imported from Mexico, i.e. disruptions to the supply chain have put upward pressure on prices
What's behind the price increase?
Over 80% of avocados sold are imported from Mexico, i.e. disruptions to the supply chain have put upward pressure on prices
#Lettuce
Lettuce cost increased 12% in March Vs prior year.
Lettuce consumed in the U.S. is grown in either California or Arizona, which have to be shipped across U.S, which is a more expensive undertaking when trucking capacity is constrained & gasoline prices are soaring.
Lettuce cost increased 12% in March Vs prior year.
Lettuce consumed in the U.S. is grown in either California or Arizona, which have to be shipped across U.S, which is a more expensive undertaking when trucking capacity is constrained & gasoline prices are soaring.
#Mayo
Mayonnaise is both high in calories and, now, higher in cost. In March, the price of fats and oils was up 14.9% compared to last year.
What's behind the price increase ?/
Soybean oil is a key ingredient in many processed foods, including mayonnaise and salad dressing !!
Mayonnaise is both high in calories and, now, higher in cost. In March, the price of fats and oils was up 14.9% compared to last year.
What's behind the price increase ?/
Soybean oil is a key ingredient in many processed foods, including mayonnaise and salad dressing !!
#Cheese
Cheese prices climbed 3.1% in last year
Wisconsin, California & Idaho lead in cheese production, it is easier to produce/distribute cheese to reduce the amount of time milk, is in transit. Increased freight distances would mean more emissions and more travel costs.
Cheese prices climbed 3.1% in last year
Wisconsin, California & Idaho lead in cheese production, it is easier to produce/distribute cheese to reduce the amount of time milk, is in transit. Increased freight distances would mean more emissions and more travel costs.
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