Food inflation….deflation

[Landdownunder]

Interesting “real time data” from oz. You guys might be different

[Taiga]

Beef still high here, chicken not sure where it sits historically but prices look affordable. Not sure on the rest.

[Landdownunder]

0/2% people dont notice individually but collectively adds up

[Old Cowzilla]

Nothing has ready dropped in price in the last year in fact the head Ceo of the Metro food empire has said look for further increases in food prices in February. Son got a beef processed last month and a buddy of mine gets me pork loins from the local plant so just have to grin and bare it when buying any fruit or vegetables and dairy.

[furrowtickler]

grain prices plummeted in the past two years
yet some had the audacity to blame grain farmers just a few short years ago , probably still today.

[Landdownunder]

Lamb prices collapsed here from say $180/230 in 2022 to $15/30 in sept 2023 chose not to sell myself since recovered to $130 plus hence drop in lamb on graph. Supermarkets follow saleyard prics here a bit. Got some going in feb the ones i could have sold but didnt keep ya in the loop

[errolanderson]

We are in a serious recession that started months ago. Big, big layoffs are going to hit the U.S. and Canada and Europe likely by early spring. Started with white collar, not spreading rapidly into blue collar industries. All you will see and hear over the next few months is layoffs, layoffs, layoffs, with bank failures sprinkled in. This is not inflationary. This debt crisis is now imploding. Fallout in grain industry is not a stand alone, all industries impacted.

Agrivillers, take stock of your own situation and debt levels. Don't follow the advice of mainstream media and central bankers dictating the lay of the land on news they want you to hear. Now the 2nd wave of U.S. regional bank fallout has begun. Stock markets are now simply money chasing money. Valuations obscene, but nobody is afraid as the Fed has the always has the market's back. Until they don't . . . .

The fuel to rally equities is to cut rates as the economy falls apart? . . . GIVE ME A BREAK. Interest rates need to drop sharply ASAP. Central bankers in la-la land, drinking their own tea (IMO).

A so-called soft landing is only possible, if you have a job. It's a depression, if you don't. Do right for you. Media comments are noise to markets (IMO). Do what's right for you and your business. [email]errolanderson@substack.com[/email]

[furrowtickler]

This not helping either

[Taiga]

BC is about to get a shit kicking, couldn’t happen at a worse time.

[url]https://www.fraserinstitute.org/blogs/bc-governments-plan-to-co-manage-public-land-with-first-nations-will-close-province-for-business[/url]

[errolanderson]

U.S. commercial real estate crash in-progress. U.S. regional banks in the bulls-eye? China Evergrande liquidated. Spreading globally.