21–30 of 136 posts
Beef prices have become simply insane. The value I get from beef can no longer justify the expense, so I've simply stopped buying it at all. I've largely replaced it with pork. Pork used to be the most popular meat in the US. I wonder if it will be again.
The neat part is that there is no inflation here: you just substituted a worse product for a better one and our friends in the govt call it good.
yeah, it's called inflation, it really sucks for everyone except the people who receive the new money early (mainly the banking system, but also people w/liquid assets + finance adjacent industries like housing) we should avoid it oh well i guess a bunch of people will go bankrupt and then get bought up at distressed prices by people with access to new money early wait a second...
Its meat processors having a monopoly.
> Four companies - Tyson, JBS, Cargill and National Beef - control around 85% of American beef processing.
> That high level of market concentration has drawn accusations of price-fixing, even from President Trump.
> So you might expect that those four firms are currently making huge profits from high beef prices. Yet the opposite is happening.
> Tyson, the biggest of the four, reported in May that it had lost more than $500m on beef in the first half of its financial year.
Along with the high price, that's one more reason to not buy it.
Earlier quoted context omitted.
A lot of these markets aren't really functioning when there are many middlemen that have an 2-4 company oligopoly that choke out any actual competition. Many markets don't really have 'competition'
No, markets still function anyway over the long term (monopolies go bankrupt and are disrupted all the time) and if you are worried about oligopoly you want to ensure that communism and state ownership of the means of production is stamped out to prevent monopolies.
Just wait till El Nino hits this year.
Earlier quoted context omitted.
Many people see this as a problem, but I see it as a normal function of market economies. Disruptions, changes in government policy, changes in consumer behavior, and more will over the long term just work themselves out. Of course some policies or seemingly "voluntary" policies may cause undue price increases, but even those work themselves out. At the end of the day as more and more people want to consume the same…
Things might not work itself out in desirable ways. I imagine what will happen is that portions will shrink, and become adulterated. For example, a restaurant ostensibly using ground beef might partially substitute something cheaper... Food fraud is rampant in developing countries. One example: https://www.foodnavigator.com/Article/2025/07/28/food-fraud-... https://scijournals.onlinelibrary.wiley.com/doi/10.1002/jsfa…
You're going to have to change those habits anyway because even without inflation that has been ongoing since the pandemic began you still have a lot of pressure to push prices higher on beef and other "luxury" goods as global demand continues to increase, the environment becomes worse off and requires further regulation, &c. It's perhaps a head start, but the long term trend isn't toward lower prices regardless of the impact of inflation (for example).
> A new pick-up truck that once cost $40,000 now runs to $100,000. A wooden fence post has gone from about $6 to as much as $19. A quarter-mile roll of barbed wire has doubled, from $60 to $130. Everything he uses day to day, he says, has jumped in price since the Covid pandemic. I know why pick-ups have gone up in cost (though I don't think it's quite to 2.5x levels like suggested here since the pandemic), but woode…
It's basically, because everything else has gotten more expensive. Labor + fuel + wear and tear on equipment + raw materials.
Inflation of a single thing, will have effects on anything down stream of that thing.
And then there is the "greed" aspect, though overstated, where a company will see that costs have gone up in other sectors, so they raise their accordingly. This has been claimed, but I'm not sure how much it actually happens.
Animal agriculture is a key driver of climate change: https://sentientmedia.org/how-does-livestock-affect-climate-... Along with the high price, that's one more reason to not buy it.
Earlier quoted context omitted.
No, markets still function anyway over the long term (monopolies go bankrupt and are disrupted all the time) and if you are worried about oligopoly you want to ensure that communism and state ownership of the means of production is stamped out to prevent monopolies.
Ah, yes, clearly communism is the reason for high inflation in the US...
Beef prices have become simply insane. The value I get from beef can no longer justify the expense, so I've simply stopped buying it at all. I've largely replaced it with pork. Pork used to be the most popular meat in the US. I wonder if it will be again.
The neat part is that there is no inflation here: you just substituted a worse product for a better one and our friends in the govt call it good.