Lets use beef as an example on inflation

[HJCane]

I'll preface by saying I have money, make good money, but I worked hard (still do) for my money and I don't like wasting money. Not cheap, smart. Yes I eat expensive dinners all the time
BUT:
When I go to Publix and I see Ny Strips or Rib eye steaks that used to be 11 or 12.99 per lb and now I see $20+ per lb I don't buy it. I'd just as soon go to a restaurant.
That is how prices of beef will go down. When enough people say NOPE then demand will decrease and so will prices. That is how it works in it's most simplistic terms. All the other nonsense is just that, nonsense.

 

[NO.SHORECANE]

It's Big Meat's fault even though they are the same companies when Trump was President ,and there was no inflation.

 

[HJCane]

It's Big Meat's fault even though they are the same companies when Trump was President ,and there was no inflation.

He just blames business. Now there is truth that the 3-4 meat packers do dominate and it's probably not the best but that's how it is. When America removed country of origin labeling on beef it hurt American ranchers big time.
BUT perhaps someone forgot to tell Joey that beef trades on open commodity markets.

https://www.canadiancattlemen.ca/market-talk/reading-feeder-cattle-futures-markets/