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re: Food corporations are using inflation as cover to jack up prices

Posted on 8/16/23 at 7:41 pm to
Posted by Mstate
Birmingham
Member since Nov 2009
10428 posts
Posted on 8/16/23 at 7:41 pm to
That’s what I thought but I didn’t know that portion of the family at all so I guess my firm didn’t care. I did disclose it though
Posted by THRILLHO
Metry, LA
Member since Apr 2006
50206 posts
Posted on 8/16/23 at 7:42 pm to
quote:

Well past time for some major antitrust legislation





Small farms have dropped from ~50% of meat production to ~20% of meat production over the past 30 years. Government regulations make it tough for the little guy. Literal fascism.
Posted by WW
Member since Dec 2013
2598 posts
Posted on 8/16/23 at 7:44 pm to
Leftist covering up for progressive government.
Posted by dgnx6
Member since Feb 2006
86294 posts
Posted on 8/16/23 at 7:45 pm to
The little man is such a dweeb.

Gas prices don’t help. Also we are shorting our own supply on certain things because of the continued war in Ukraine. We actually farm less now, want us to cut our meat production, pushing expensive evs on auto manufacturers then onto the public.

Of course he’s going to not blame it on democrat policy. He’s a democrat.
This post was edited on 8/16/23 at 7:48 pm
Posted by BayouBlitz
Member since Aug 2007
18126 posts
Posted on 8/16/23 at 7:46 pm to
quote:

Leftist covering up for progressive government


Russia is experiencing inflation. So is virtually every other country.

But yeah, ignorantly blame everything on your boogie man.
Posted by MikeAV8s
Member since Oct 2016
2242 posts
Posted on 8/16/23 at 7:47 pm to
What isn’t accounted for there is the cost of labor. Do the research on that. I’ll help, it has gone up. A lot.
Posted by NoSaint
Member since Jun 2011
12472 posts
Posted on 8/16/23 at 7:51 pm to
quote:

common practice to have bull shite like this on bills: -livable wage fee (10%) -employee health insurance fee (5%) It drives the frick out of me.


Yea it’s shitty for companies to try to turn you against your neighbors and never “executive bonuses (14%)”
Posted by Hobie101
Member since May 2012
891 posts
Posted on 8/16/23 at 7:52 pm to
Well no shite
Posted by slackster
Houston
Member since Mar 2009
91362 posts
Posted on 8/16/23 at 7:57 pm to
quote:

Food costs have only just started to rise. Wait until the full effect of Russia-Ukraine war , Russian sanctions hit the consumer. Global wheat production has taken a huge hit.


Wheat prices today are below where they were in October 2020.
Posted by dgnx6
Member since Feb 2006
86294 posts
Posted on 8/16/23 at 7:57 pm to
quote:

Democratic lawmakers Sen. Elizabeth Warren and Rep. Katie Porter called out Cal-Maine and other major egg producers for more transparency into their profitability. “American families working to put food on the table deserve to know whether the increased prices they are paying for eggs represent a legitimate response to reduced supply or out-of-control corporate greed,” they wrote in a letter in February.



Sorry but I’m not listening to these people.
Posted by Cajunhawk81
Member since Jan 2021
2511 posts
Posted on 8/16/23 at 8:01 pm to
What? In what world are labor costs excluded from Net Income? They are killing it, even with the increased labor costs.
Posted by Cajunhawk81
Member since Jan 2021
2511 posts
Posted on 8/16/23 at 8:02 pm to
They are just mad they didn’t get the increase to their “donations”.
Posted by StringedInstruments
Member since Oct 2013
20550 posts
Posted on 8/16/23 at 8:05 pm to
quote:

You’re actually citing that angry little communist midget as a source


Is he wrong though?
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
35878 posts
Posted on 8/16/23 at 8:06 pm to
quote:

Democratic lawmakers Sen. Elizabeth Warren and Rep. Katie Porter called out Cal-Maine and other major egg producers for more transparency into their profitability. “American families working to put food on the table deserve to know whether the increased prices they are paying for eggs represent a legitimate response to reduced supply or out-of-control corporate greed,” they wrote in a letter in February.


Companies should be able to charge whatever the frick they want for their product. If it’s too expensive people won’t buy it or they’ll buy it from someone else. God I can’t stand these people.
Posted by THRILLHO
Metry, LA
Member since Apr 2006
50206 posts
Posted on 8/16/23 at 8:33 pm to
quote:

Companies should be able to charge whatever the frick they want for their product. If it’s too expensive people won’t buy it or they’ll buy it from someone else. God I can’t stand these people.



Dunno about eggs, but again, there's 4 companies controlling ~80% of the meat industry, and they're absolutely fixing prices. The fedgov makes it difficult for competition to enter the market and compete. It's all bullshite.

Posted by Paul Allen
Montauk, NY
Member since Nov 2007
77833 posts
Posted on 8/16/23 at 8:37 pm to
quote:

But have you seen chicken wing prices come down in restaurants? They are killin it charging us almost $2/wing in some places these days.


They should start coming down soon at restaurants. They usually lag behind on price decreases.
Posted by MikeAV8s
Member since Oct 2016
2242 posts
Posted on 8/16/23 at 9:00 pm to
Well, we first have to suspend disbelief to think any company increased net profits over 700% in one year simply by raising prices. However, I consider the source. My comment was really directed at the fact that prices are higher. Prices have gone up in large part because of labor costs.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11869 posts
Posted on 8/16/23 at 9:26 pm to
SNAP is a huge reason as well. The CARES Act is the gift that keeps on giving
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
40326 posts
Posted on 8/16/23 at 9:26 pm to
quote:

But I’d rather someone else do it than do it myself so I guess I just have to bend over and take it.


To change a wiper blade?

Are you handicapped?
Posted by wfallstiger
Wichita Falls, Texas
Member since Jun 2006
14759 posts
Posted on 8/16/23 at 9:35 pm to
Absolutely they are...one big happy Uniparty.. pimps, thieves and whores!
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