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ShelladyOptions
Senior Contributor

OptionEye...March 16th

How is this for inflation.... 

 

 

BEEF UP 10%

STEAK UP 9.7%

EGGS UP 9.5%

MILK UP 9.9%

TURKEY UP 9.2%

CHEESE UP 10.3%

SUGAR UP 9.9%

BACON UP 7.6%

CORN UP 12%

SOYBEANS UP 15%

 

SOURCE: USDA & DOW JONES

 

How do you folks out there thinks that this will impact your business/marketing plans this year?

 

Scott

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8 Replies
marketeye
Veteran Advisor

Re: OptionEye...March 16th

Scott,

 

This list tells quite the story. You might add peanuts to that list. And because peanuts are up so much, farmers in the South are planting more of them and a lot less soybeans this year.

 

Mike

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ND Farmer 1
Frequent Contributor

Re: OptionEye...March 16th

Better add fuel, fertilizer, machinery, repairs, seed, to your list. Im sure the gains on inputs are larger than 7 to 10 percent.

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JRfrom OR
Frequent Contributor

Re: OptionEye...March 16th

That doesn't say much to me, sharp up and downs has been the nature of ag products.  A plot  over twenty or thirty years will tell a completely different story, that farmgate prices have been holding inflation down.  Whether we"re at the point now of ag prices beginning an upward correction to stay more in line with inflation is a more relevant question now.

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SouthWestOhio
Senior Contributor

Re: OptionEye...March 16th

I forward priced my steaks last fall and I am smiling everytime I take one out of the freezer. 🙂

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hardnox604008
Advisor

Re: OptionEye...March 16th

That doesn't matter because people really eat Facebook IPOs and put virtual gasoline from Zynga in their tanks.
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roarintiger1
Honored Advisor

Re: OptionEye...March 16th

Ha.....I'm still feeding my steaks..........BTW, I don't feel bad at all feeding them $6.75 corn!

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gbryce
Frequent Contributor

Are they talking retail at the grocery store prices Scott? NT.

 
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kraft-t
Senior Advisor

Re: OptionEye...March 16th

Where does lobster tails fall in  there. Do they eat corn?

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