3 ms·

Did the price of meat double over the past year? You have a source for this? All my googling of "meat price over time" suggests the price of meat did not doub

Did the price of meat double over the past year? You have a source for this? All my googling of "meat price over time" suggests the price of meat did not double in the last year. Or even the last 10 years.

gruez 5y ago
No. Just by eyeballing futures prices: Cattle is up ~21% since pre-pandemic https://www.tradingview.com/chart/?symbol=CME%3ALE1 https://www.tradingview.com/chart/?symbol=CME%3ALE1! Lean hog is up 53% since pre-pandemic https://www.tradingview.com/chart/?symbol=CME%3AHE1 https://www.tradingview.com/chart/?symbol=CME%3AHE1! Also, looking at CPI figures, the "Meats, Poultry, Fish, and Eggs" is only up 19% since pre-pandemic levels.
- 0des 5y ago
  The same pack of chicken wings that was 4 dollars last year is now over 8 dollars. You can publish whatever commodity price trends you want but it has almost 0 to do with end price.
  - gruez 5y ago
    >You can publish whatever commodity price trends you want but it has almost 0 to do with end price. How about retail price data published by USDA? https://www.ers.usda.gov/webdocs/DataFiles/52160/cuts.xls?v=4995.7 https://www.ers.usda.gov/webdocs/DataFiles/52160/cuts.xls?v=...
    - 0des 5y ago
      Still does not change the price of an 8 pack whole wing at the grocer's till.
      - gruez 5y ago
        1. Your initial claim was "the price of meat doubled over the past year", not "8 pack whole wing price doubled" 2. If you don't mind me asking, what was the before/after price of said chicken wings, in unit terms? Some plausible reasons that might contribute the doubling you see, but not be representative of overall meat price trends include: a. you misremembered (eg. $4.99 -> $4, $7.43 -> $8) b. you were comparing sale vs non-sale prices c. you buy some really boutique chicken wings that are subject to bigger price fluctuations than the typical wings that everybody else and the USDA measure d. you were comparing regular chicken wings with boutique chicken wings Otherwise, it seems strange for a grocery store to go from average chicken prices, to 66% above average (2x / 1.2x) in the span of a year.

gruez 5y ago

No. Just by eyeballing futures prices: Cattle is up ~21% since pre-pandemic https://www.tradingview.com/chart/?symbol=CME%3ALE1 https://www.tradingview.com/chart/?symbol=CME%3ALE1! Lean hog is up 53% since pre-pandemic https://www.tradingview.com/chart/?symbol=CME%3AHE1 https://www.tradingview.com/chart/?symbol=CME%3AHE1! Also, looking at CPI figures, the "Meats, Poultry, Fish, and Eggs" is only up 19% since pre-pandemic levels.

0des 5y ago
The same pack of chicken wings that was 4 dollars last year is now over 8 dollars. You can publish whatever commodity price trends you want but it has almost 0 to do with end price.
- gruez 5y ago
  >You can publish whatever commodity price trends you want but it has almost 0 to do with end price. How about retail price data published by USDA? https://www.ers.usda.gov/webdocs/DataFiles/52160/cuts.xls?v=4995.7 https://www.ers.usda.gov/webdocs/DataFiles/52160/cuts.xls?v=...
  - 0des 5y ago
    Still does not change the price of an 8 pack whole wing at the grocer's till.
    - gruez 5y ago
      1. Your initial claim was "the price of meat doubled over the past year", not "8 pack whole wing price doubled" 2. If you don't mind me asking, what was the before/after price of said chicken wings, in unit terms? Some plausible reasons that might contribute the doubling you see, but not be representative of overall meat price trends include: a. you misremembered (eg. $4.99 -> $4, $7.43 -> $8) b. you were comparing sale vs non-sale prices c. you buy some really boutique chicken wings that are subject to bigger price fluctuations than the typical wings that everybody else and the USDA measure d. you were comparing regular chicken wings with boutique chicken wings Otherwise, it seems strange for a grocery store to go from average chicken prices, to 66% above average (2x / 1.2x) in the span of a year.