Can't remember the last time I went out for one....
"Breakfast foods are getting pricier" by Steve Rothwell | Associated Press March 22, 2014
NEW YORK — Breakfast is now being served....
The price of bacon is surging and the cost of other morning staples, like coffee and orange juice, is set to rise because of global supply problems, from drought in Brazil to disease on US pig farms.
Okay, that's the first I've seen regarding the pigs and I'm a bit offended by drought being constantly cited for every problem now.
Something else to chew on:
And it’s not just the first meal of the day that’s being affected....
While overall inflation remains low, the increases in food prices are forcing shoppers to search out deals and cut back.
Denise Gauthier, 54, a screenwriter in North Hollywood, Calif., calls the rising prices ‘‘shocking and outrageous.’’ To cope, she has become more frugal, hunting for discounts and buying less food overall.
‘‘I will look for things that are on sale and adjust my menu for that,’’ says Gunthier....
Like a chained CPI self-applied, otherwise known as a drop in living standards -- as the rich get even phatter!!
Yeah, my Globe breakfast consistently tastes like shit.
Even though food companies use a range of cost-cutting methods to limit the effect of higher food costs, consumers will likely feel the ‘‘ripple effects’’ of rising commodity prices, according to the Grocery Manufacturers Association, a trade organization for more than 300 food, beverage and consumer product companies.
Here’s a rundown of why breakfast food costs are rising, and why they could keep going up.
And the banker's mouthpiece a$$ures you it isn't all that printing of dollars propping up Wall Street and putting money in the pockets of the 1%.
Bacon: Traders are concerned about a deadly virus in the US hog population.
That could further boost bacon prices, which were already rising after farmers cut pig production because of higher feed costs. Those cost climbed after a drought in 2012....
Simple solution. Don't eat pork.
The retail price of pork is projected to climb, according to government forecasts.
‘‘You should expect to see very high prices for your ground beef, your other meat cuts, all the pork cuts will be higher this year,’’ Donnie Smith, chief executive of Tyson Foods, said in an interview with CNBC on March 12.
US pig herds have been hit by a virus called porcine epidemic diarrhea, which causes vomiting and diarrhea in the animals. After the first case in the United States was confirmed in May, the virus spread through hog herds during the cold winter. While the disease doesn’t affect people and is not a food safety concern, it can lead to mortality rates of between 80 and 100 percent in newborn piglets. That’s raising concerns of thinner herds as the United States heads toward the summer grilling season, when demand typically picks up.
Pass on the pork just to be safe.
Traders don’t know exactly how badly the virus will impact pork production because it’s the first time it has been detected in US herds, says Dennis Smith, a commodity broker at Chicago-based Archer Financial Services.
Oh, right, this plate is being served to the "traders."
Coffee: You need your morning brew, and you’ll likely pay more for it, at least at the supermarket.
That I do not deny. It literally wakes me up.
Coffee futures have surged 57 percent this year and this month rose above $2 a pound for the first time in two years. Coffee growing regions of southern Brazil, the world’s largest coffee producer, have been hit by drought. Analysts are forecasting that Brazil’s crop could shrink by about 20 percent this year.
Shoppers should be prepared to pay more at grocery stores, if the current trend continues for more than a month, says Dan Cox, the president of Coffee Analysts, a company that tests coffee quality for retailers.
The price impact will be less noticeable at coffee stores. That’s because the cost of beans makes up only a fraction of the final price, compared to other costs like rent and staff wages, says Alon Kazdan, 40, the owner of Cafe Noi, a small chain of coffee shops in New York....
Then I won't have to skip it (with the Globe al$o benefiting).
He says prices should also remain in check because of competition between the companies that roast the beans into the coffee. As for rising commodity prices, he puts that down to speculation.
‘‘People like to make panic for nothing, in order to make money,’’ he says.
A ta$ty mor$el right in the middle of my breakfa$t $andwich!
Of course, people who need to get their caffeine fix won’t be put off. Plus, coffee prices were at their lowest level in about seven years before they started climbing.
Starbucks customers also shouldn’t worry. They won’t be paying higher prices even if the cost of the beans keeps going up, says chief executive Howard Schultz. The company has locked in its coffee bean prices for the next year using futures contracts.
Now to wash it all down:
Orange juice: A series of problems are driving the increases. Florida’s orange crop is forecast to be the worst in almost a quarter-century. A citrus greening disease, which is transmitted by tiny insects that feed on the leaves of oranges, is damaging the harvest. Infected trees start to produce bitter green fruit. The problem was first detected in the United States in September 2005 and the Florida orange juice crop is down by almost a quarter since then.
No cure is known, and the only solution is to cut down the tree.
Related(?): Glass of GMO Orange Juice
Couldn't be that says my propaganda pre$$, by way of omission from discussion.
Add weather to the orange juice problem. A dry spell last year stunted the growth of orange trees in Florida and is hurting production this year, says Michael Smith, president of T&K Futures and Options, based in Port St. Lucie, Fla. In South America, drought is raising concerns about the size of the crop in Brazil.
The orange crop in Florida, one of the world’s biggest orange-growing regions, could fall this year by about 15 percent to 114 million boxes, according to government forecasts. That would be the smallest crop since 1990.
Doesn't matter to me; the acidic content of orange juice rips my stomach to shreds so I rarely drink it.
--more--"
Doesn't look that good to me anyway.
Also see:
The Boston Globe's Cinnamon Toast Breakfast
Blueberries For Breakfast
Breakfast Bits
Rancid Rice For Breakfast
Breakfast Bite From India
West Virginia Schools Beg For Breakfast
Boston Globe Breakfast Truck
Breakfast in Somerville
Breakfast in Bed
Breakfast Burp
Boston's Breakfast Box Bomb
Chinese Breakfast
Mexican Breakfast
Taking Breakfast at T Stop
Political Bulls*** For Breakfast
A Peaceful Breakfast
Maybe I should order a pizza for lunch (just in time for the games).
I think I'll be blogging more today since I'm likely to skip some of them after yesterday's humiliating embarrassment that was laughable at times. Team is on the bus home and it's not the way you want to go out despite the great season.
Then again, as we say on the blog court, some are way better than others. Maybe you would be better off skipping this blog and watching the games brought to you by bankers judging by the emptiness of some arenas and the advertisers during the games.
