Average price of ground beef per pound hit its all-time high

The government and news media claim inflation is under control and low. Unfortunately, you don't buy all the items they track to make the misleading pronouncement. I do most of the grocery shopping in my family and the price of beef, bacon and other staples is shocking. My electric bill has skyrocketed in the last 4 years due in large part to Obama and the global warming crowd imposing regulations. Health insurance is rapidly rising and companies are shifting costs to employees. My company has shifted $1000 in health care cost to me in the last two years. They are afraid of the 2018 tax on alleged high-end, so-called, Cadillac plans. I don't have a high-end plan. Medical cost inflation is pushing ordinary plans into the special tax bracket. The Cadillac plan threshold was indexed to inflation; not heath insurance inflation. Obamacare was supposed to control health cost inflation, but it hasn't happened. Companies have discovered the Cadillac tax will be a Chevy tax by 2018 and they aren't planning on paying it. Can you blame them? It's 25%. Also, don't forget gas was $1.80 a gallon when Obama took office in January 2009. Ordinary middle-class Americans are really struggling because wages have been stagnant and real household income has declined under Obama. Thanks, President Obama.

(CNSNews.com) – The average price for all types of ground beef per pound hit its all-time high -- $3.884 per pound -- in the United States in July, according to data released today by the Bureau of Labor Statistics (BLS).
That was up from $3.880 per pound in June. A year ago, in July 2013, the average price for a pound of ground beef was $3.459 per pound. Since then, the average price for a pound of ground beef has gone up 42.1 cents--or about 12 percent.

Sad: Your steak is going to cost more...

Beef prices are on the rise. High feed price is one of the reasons. Why are we still turning corn into vehicle fuel? 

WICHITA, Kan. –  Years of drought are reshaping the U.S. beef industry with feedlots and a major meatpacking plant closing because there are too few cattle left in the United States to support them.

Some feedlots in the nation's major cattle-producing states have already been dismantled, and others are sitting empty. Operators say they don't expect a recovery anytime soon, with high feed prices, much of the country still in drought and a long time needed to rebuild herds.

The closures are the latest ripple in the shockwave the drought sent through rural communities. Most cattle in the U.S. are sent to feedlots for final fattening before slaughter. The dwindling number of animals also is hurting meatpackers, with their much larger workforces. For consumers, the impact will be felt in grocery and restaurant bills as a smaller meat supply means higher prices.