Commodity gains for the year
soybeans 23 % canola 21 %
cheese 34 % sugar 16 %
milk 35 % oj 35 %
rubber 39 % beef 31 %
lumber 56 % poultry 22 %
cocoa 16 % iron ore 38 %
And the Fed says we are not seeing enough inflation yet !
soybeans 23 % canola 21 %
cheese 34 % sugar 16 %
milk 35 % oj 35 %
rubber 39 % beef 31 %
lumber 56 % poultry 22 %
cocoa 16 % iron ore 38 %
And the Fed says we are not seeing enough inflation yet !
You are the Inflation Maestro HR…Thanks for all this …it’s a revelation
I am following inflation since may 2020 !!
Food inflation is about 5-6% a month since the beginning of the year !!
A double in 12 months and a quadruple in 2 years !!
Hyperinflation is coming globally guys !!
You can follow the numbers here:
https://tradingeconomics.com/commodity/beef
The Fed apparently uses the ‘accurate’ definition of inflation.
They seek 2% annual growth in net lending.
Where that inflation leads into terms of price effects, they seem not to care.
PS — milk still 1.99/gal here. Routinely.
Beef tenderloin … well under $7/lb, cheapest in years. (Yeah I stocked up.)
Cheese still under $3, although last year they were giving it away.
Trader Joe’s pound plus 72% remains at $5, same as ten years ago (knock on wood)
Bought two large slabs of pork shoulder today at .89 at Kroger.
Comment to butcher … so why then is pork sausage near $5 ?
Canola? Rapeseed oil? No thanks. Wouldn’t use it if it was free.
DBA (Agriculture) ETF is starting to break out of its 10 year downtrend
I agree Spock. It broke out last Monday. Thanks for mentioning it. I had a close look and its posting a weekly level and daily level breakout. Both are very bullish for the trend.