Advisory: Be careful of what you read on social media. The algorithms used by these platforms have no regard for Biblical truth. They target your emotions to keep you engaged on their site so their advertisers can drop more ads. These platforms exist to enrich their stockholders. Consider God’s promise to Believers in James 1:5, “If any of you lacks wisdom, you should ask God, who gives generously to all without finding fault, and it will be given to you.”
Featured Story
After decades of low inflation and relatively cheap food prices, those days appear over as food inflation soars worldwide. The latest observation that food prices are out of control is in Australia.
Australian cattle futures are at record-highs as farm operators hold back livestock from slaughterhouses to rebuild herds after years of drought forced many cattle operators to cull herds. Supply disruptions have resulted in the benchmark Eastern Young Cattle Index soaring to A$10.082 ($7.26) a kilogram. From the 2020 low, prices have more than doubled in a year.
A$10.082 ($7.26) per kilogram is the highest price paid back to 1997 when the contracts began trading. Bloomberg notes the high prices “has raised the risks that the nation’s steaks will slip off global menus — while worldwide demand for beef is robust in many markets.”
The surge in prices could mean the nation’s beef producers, number two in the world behind Brazil, might lose that spot as exports slump. This means Australian global importers will go elsewhere for cheaper meat. In the first six months, beef exports slumped 24% versus the same period last year.
Soaring beef prices means exports drop as global importers look elsewhere for affordable meat. Reminder, exports are inverted on the chart below.
The fact that food prices continue to rise undercuts the transitory inflation narrative that the Federal Reserve and mainstream media have been brainwashing everyone with for nearly a year.
In the States, major meat producer Tyson Foods Inc. warned in their latest conference call to investors that higher costs are hitting the firm faster than the company can lift prices, and retail prices are set to rise on Sept. 5.
The inflation shock is underway as food inflation is at record highs, and supermarket prices are expected to rise 10-14% later this fall.
Food inflation has become such a problem for the working poor and unemployed that the Biden administration has raised food stamp allocations.
Get used to elevated food prices. It appears they will be sticking around through at least 2022.
Ask The Blind Man ,He Saw it All
Source: HNewsWire ZeroHedge HNewsWire HNewsWire HNewsWire HNewsWire HNewsWire
StevieRay Hansen
Editor, HNewsWire.com
MY MISSION IS NOT TO CONVINCE YOU, ONLY TO INFORM…
Tagged In
Newsletter
Must Read
Other Sources
Latest News
Watchman Sees Civil War Soon,Arizona Grand Jury Indicts 18 Republican Trump ‘Fake Electors’
By SRH, Hypocrites without shame!If any election could have been called into question, Biden’s was it.Democrats repeatedly alleged election fraud, alleging they had won elections…
Read More
Watchman: Texas Is Not to Be Messed With! Junior Varsity Hamas Terrorists, We Are Serious About Truth. Go Home to Mommy Before You Get Hurt!
Don’t Mess With Texas! By SRH, Law enforcement in riot gear removed a group of Junior Varsity Hamas terrorists from the University of Texas at…
Read More
WATCHMAN: FAITH HAS NO PLAN B…
Matthew 8:1-3 (NIV) 1When he came down from the mountainside, large crowds followed him. 2A man with leprosy came and knelt before him and…
Read More
The Watchman: Take Heed, All Ye Who Profess Faith in Christ, for This Is a Call to Awaken From Slumber. Satanist Minions Are Still Active and on the Move. Rise Up, You Lifeless Being, and Take Action, Whatever It May Be
HNewsWire: Before the city council meeting in San Marcos, Hays County, the leader of the Satanic Temple in Austin, Texas, gave an invocation.Citizens Defending Freedom…
Read More
WHY BELIEVING YOU MUST KEEP THE LAW MEANS YOU ARE SHUT UP FROM A SAVING FAITH- Gal.3:23-26
By Edward O’Hara , As I have said many times before. If you are defining sin by what the law says you are in the…
Read More
We make every effort to acknowledge sources used in our news articles. In a few cases, the sources were lost due to a technological glitch. If you believe we have not given sufficient credit for your source material, please contact us, and we will be more than happy to link to your article.
