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0 points0des4y ago0 comments

Where was this protective failsafe when the price of meat doubled over the past year?

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spiderice4y ago· 2 in thread

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.

gruez4y ago

No.

Just by eyeballing futures prices:

Cattle is up ~21% since pre-pandemic https://www.tradingview.com/chart/?symbol=CME%3ALE1!

Lean hog is up 53% since pre-pandemic 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.

0desOP4y 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.

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