snoopdog":cig6k6uk said:Hasn't much to do with low income earners , it has to do with the average family , the working poor are the biggest market , and when they have to make a decision on what to eat for dinner , and the bills are looming , it will be chicken or pork.Bright Raven":cig6k6uk said:snoopdog":cig6k6uk said:With wages adjusted for inflation having dropped for the third quarter in a row, What do you think the consumer will buy at the grocery store ? The cheapest. And it will only get worse as interest rates and fuel prices rise.
Low income earners are already eating hotdogs and ramen noodles. I see whole families parked outside service stations eating hotdogs that have made more orbits on a spit than the earth has in 5 1/2 billion years. Inflation has been eating out lunch for the last 40 years. Can it get worse. Yep!
Bright Raven":1a75zl9p said:snoopdog":1a75zl9p said:Hasn't much to do with low income earners , it has to do with the average family , the working poor are the biggest market , and when they have to make a decision on what to eat for dinner , and the bills are looming , it will be chicken or pork.Bright Raven":1a75zl9p said:Low income earners are already eating hotdogs and ramen noodles. I see whole families parked outside service stations eating hotdogs that have made more orbits on a spit than the earth has in 5 1/2 billion years. Inflation has been eating out lunch for the last 40 years. Can it get worse. Yep!
Buying power has been diminishing for at least 20 years. Adjusted for time value of money, wages have been decreasing. It is not about the "average family". It is about families on the lower income side of the bell curve.
They are under the pressure of eroding buying power. Food purchases is one of the areas that suffers due to the pressures. They reduce the quality of their purchases.
Caustic Burno":r6g5p3qu said:Bright Raven":r6g5p3qu said:snoopdog":r6g5p3qu said:Hasn't much to do with low income earners , it has to do with the average family , the working poor are the biggest market , and when they have to make a decision on what to eat for dinner , and the bills are looming , it will be chicken or pork.
Buying power has been diminishing for at least 20 years. Adjusted for time value of money, wages have been decreasing. It is not about the "average family". It is about families on the lower income side of the bell curve.
They are under the pressure of eroding buying power. Food purchases is one of the areas that suffers due to the pressures. They reduce the quality of their purchases.
We exported manufacturing and buying power at the same time.
Manufacturing pumps income in a community, retail and service suck it out.
snoopdog":27z7sus0 said:Hasn't much to do with low income earners , it has to do with the average family , the working poor are the biggest market , and when they have to make a decision on what to eat for dinner , and the bills are looming , it will be chicken or pork.Bright Raven":27z7sus0 said:snoopdog":27z7sus0 said:With wages adjusted for inflation having dropped for the third quarter in a row, What do you think the consumer will buy at the grocery store ? The cheapest. And it will only get worse as interest rates and fuel prices rise.
Low income earners are already eating hotdogs and ramen noodles. I see whole families parked outside service stations eating hotdogs that have made more orbits on a spit than the earth has in 5 1/2 billion years. Inflation has been eating out lunch for the last 40 years. Can it get worse. Yep!
JMJ Farms":jhpvbsdy said:greybeard":jhpvbsdy said:Americans eat about 50 billion lbs of meat per year. Chicken, beef, turkey, pork, & lamb. divided by 365 (days) that is about 13.7 million lbs per day consumed.
2 billion (lbs in cold storage) divided by 13.7 million lbs consumed each day means we as a nation, only have 146 days worth of meat in cold storage.
Add in what we export, and that frozen storage total will dwindle quickly.
I understand your point entirely. But if I'm reading the graph right there is closer to 6.5 billion pounds in cold storage.
(2.5 turkey, 2 beef, 1.25 pork, .75 chicken)
Which would last closer to 17-18 months at the consumption rate you utilized.
I may be misunderstanding the graph. And FWIW, I think we should maintain at least that much in cold storage if possible.
A single cold storage company (Ramsey) said they have 250 million lbs of poultry in cold storage on any given day.Nesikep":2p7oywe8 said:What I see is a lot of chicken going into cold storage.. it'll be coming out, and it'll be cheaper than beef, and it's going to suck for beef prices.. I see no reason to be optimistic for beef producers looking at this graph
Caustic Burno":1pb9hm25 said:Bright Raven":1pb9hm25 said:snoopdog":1pb9hm25 said:Hasn't much to do with low income earners , it has to do with the average family , the working poor are the biggest market , and when they have to make a decision on what to eat for dinner , and the bills are looming , it will be chicken or pork.
Buying power has been diminishing for at least 20 years. Adjusted for time value of money, wages have been decreasing. It is not about the "average family". It is about families on the lower income side of the bell curve.
They are under the pressure of eroding buying power. Food purchases is one of the areas that suffers due to the pressures. They reduce the quality of their purchases.
We exported manufacturing and buying power at the same time.
Manufacturing pumps income in a community, retail and service suck it out.
sstterry":2zqgg9lt said:Caustic Burno":2zqgg9lt said:Bright Raven":2zqgg9lt said:Buying power has been diminishing for at least 20 years. Adjusted for time value of money, wages have been decreasing. It is not about the "average family". It is about families on the lower income side of the bell curve.
They are under the pressure of eroding buying power. Food purchases is one of the areas that suffers due to the pressures. They reduce the quality of their purchases.
We exported manufacturing and buying power at the same time.
Manufacturing pumps income in a community, retail and service suck it out.
The only problem with this theory is that manufacturing is becoming increasingly automated. What companies seek now is one man to run a computer that controls the robot that does the work of ten men. Soon, manufacturing will no longer be the bedrock of the economy.
sstterry":ps91s1iq said:Caustic Burno":ps91s1iq said:Bright Raven":ps91s1iq said:Buying power has been diminishing for at least 20 years. Adjusted for time value of money, wages have been decreasing. It is not about the "average family". It is about families on the lower income side of the bell curve.
They are under the pressure of eroding buying power. Food purchases is one of the areas that suffers due to the pressures. They reduce the quality of their purchases.
We exported manufacturing and buying power at the same time.
Manufacturing pumps income in a community, retail and service suck it out.
The only problem with this theory is that manufacturing is becoming increasingly automated. What companies seek now is one man to run a computer that controls the robot that does the work of ten men. Soon, manufacturing will no longer be the bedrock of the economy.
All true statements , and that is the conundrum , we have to be flexible to find a solution , and many are not . My way or the hiway does not work in the best interest of most people , too many think too small .sstterry":2mumh9z3 said:Caustic Burno":2mumh9z3 said:Bright Raven":2mumh9z3 said:Buying power has been diminishing for at least 20 years. Adjusted for time value of money, wages have been decreasing. It is not about the "average family". It is about families on the lower income side of the bell curve.
They are under the pressure of eroding buying power. Food purchases is one of the areas that suffers due to the pressures. They reduce the quality of their purchases.
We exported manufacturing and buying power at the same time.
Manufacturing pumps income in a community, retail and service suck it out.
The only problem with this theory is that manufacturing is becoming increasingly automated. What companies seek now is one man to run a computer that controls the robot that does the work of ten men. Soon, manufacturing will no longer be the bedrock of the economy.