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Old 10-31-2011, 09:39 PM
 
Location: Heading to the NW, 4 sure.
4,470 posts, read 3,825,309 times
Reputation: 8539

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What next. And the price of bread is way up

OMG: article in CNN says , Fortune 500) will raise prices for its Planters brand peanut butter by 40% starting Monday, while ConAgra (CAG, Fortune 500) has instituted increases of more than 20% for its Peter Pan brand that went into effect this month.
I can't provide the link: but all you have to do is go to CNN and check it out.

What next: Hamburger is already up to $4.99/lb at Safeway here in Gallup, NM, and Walmart(well just don't go there), Albertsons 73% hamburger was $4.39/lb last week...

I don't know about you folk's, but this is hittin our "fixed" income hard.

HW
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Old 10-31-2011, 10:05 PM
 
18,868 posts, read 16,178,230 times
Reputation: 24951
Hmm, I am glad I am not cooking for six any more.
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Old 10-31-2011, 10:12 PM
 
Location: The Internet
345 posts, read 474,786 times
Reputation: 402
Stock up if you can, it's only going to get worse.
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Old 11-01-2011, 12:11 AM
 
Location: S.A., Texas ~ Home of the HUD secretary farm~
99,504 posts, read 26,535,959 times
Reputation: 136025
Yeah it's getting tough. I knew the drought and such caused crop failures and this was coming. Had the wife grab 3 or 4 jars the other day. Too bad we weren't stocking it like we used to. A trip to the grocery store is truly an eye opening experience these days..
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Old 11-01-2011, 01:12 AM
 
5,284 posts, read 3,166,362 times
Reputation: 6176
Makes me glad I don't use a lot of peanut butter!

And the hamburger prices in the OP?? YIKES!! I get my hamburger at an Asian market for about $1 a pound. It's good, too - I hardly have to drain it, and it's a product of the USA (all of their meats are labeled as to country of origin).
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Old 11-01-2011, 06:37 AM
 
Location: Middle America
18,349 posts, read 15,852,597 times
Reputation: 21535
Having to wean the dog off peanut butter in his Kong. I used to get it because it was the cheaper alternative to the products specifically marketed for the device. Not so, anymore. I don't use much PB for human consumption, so we should weather the storm okay.
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Old 11-01-2011, 09:03 AM
 
Location: Bella Vista, Ark
50,198 posts, read 42,768,742 times
Reputation: 21714
Quote:
Originally Posted by Hunter Wold View Post
What next. And the price of bread is way up

OMG: article in CNN says , Fortune 500) will raise prices for its Planters brand peanut butter by 40% starting Monday, while ConAgra (CAG, Fortune 500) has instituted increases of more than 20% for its Peter Pan brand that went into effect this month.
I can't provide the link: but all you have to do is go to CNN and check it out.

What next: Hamburger is already up to $4.99/lb at Safeway here in Gallup, NM, and Walmart(well just don't go there), Albertsons 73% hamburger was $4.39/lb last week...

I don't know about you folk's, but this is hittin our "fixed" income hard.

HW
I guess I know what we will not be eating much of. We don't anyway, but we do love it.

Nita
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Old 11-01-2011, 02:06 PM
 
9,343 posts, read 17,024,995 times
Reputation: 4225
All these price increases can be traced directly back to the gov't subsidies to product ethanol from feed corn that has led to an increase in both the price of corn and the number of acres being used to grow corn.
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Old 11-01-2011, 02:44 PM
 
Location: The Internet
345 posts, read 474,786 times
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Quote:
Originally Posted by Walter Greenspan View Post
All these price increases can be traced directly back to the gov't subsidies to product ethanol from feed corn that has led to an increase in both the price of corn and the number of acres being used to grow corn.
You're right. When Government picks the winners, the free market loses.
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Old 11-02-2011, 12:02 AM
 
Location: ROTTWEILER & LAB LAND (HEAVEN)
2,402 posts, read 3,204,733 times
Reputation: 5899
I better buy Hubbys PB tomorrow when I go out. He can't live without PB.

You just wait... clothes soap & toliet paper will reach an all time high next, cause they know EVERYONE uses it. It's already way too high like everything else.
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