U.S. Grocery Price War

[errolanderson]

Huge deflationary pressures in U.S. groceries right now.

80 cents for a dozen eggs . . . .
40% decline in some beef cuts . . .

http://www.bloomberg.com/news/articles/2016-09-27/eight-cent-eggs-consumers-gobble-cheap-food-as-grocers-squirm

[tweety]

Very soon its Ag's turn to hurt, isn't it Errol?

[errolanderson]

Tweety . . . all sectors are slowing down, not just ag.

Believe this is the result of the U.S. economy heading into recession and an ongoing meat glut.

[bucket]

The market is always right.....

[sumdumguy]

Trump is going to change all that - by not paying any taxes. They will have to drive on cow trails to get the 80 cent eggs and $1/gal milk.

[bucket]

We are already on cow trails and goat paths and food is still expensive.

[biglentil]

War with Russia will light a fire under the economy literally.

[bucket]

Clinton wants to go to war with Russia...probably to find her emails ...not sure it's on Trumps agenda.

[monte]

How is that possible?
Can the grocers buy eggs that cheaply?
Are they using as a lost leader to get people in the stores?

What is the farmer's cost of production on a dozen eggs?

I doubt the consumer demand is that price sensitive, I can only eat so many eggs and I already thought they were cheap and a good deal.

[Guest]

How is that possible?
Can the grocers buy eggs that cheaply?b
Are they using as a lost leader to get people in the stores?

What is the farmer's cost of production on a dozen eggs?

I doubt the consumer demand is that price sensitive, I can only eat so many eggs and I already thought they were cheap and a good deal.

I dunno , what's the cost of production of feed barley , 15 bpa canola , wheat ??? don't think it matters