I’m not sure what Cindy and I will be eating today but we won’t be grilling. We’re going to be driving to Minneapolis for tomorrow’s AgNite, which will be covered right here.
In the meantime, for those of you who are interested in your Labor Day meal, the folks at FoodPriceTruth.org have some interesting information about your cookout food prices (pdf). For example:
Corn-on-the–Cob – Corn-on-the-cob is one of America’s favorite summertime treats, so it’s good news that sweet corn prices are falling. Since corn-on-the-cob goes pretty much from the farmer to the market, large food companies haven’t been able to mark-up their profits on corn-on-the-cob like they have for other products using sweet corn. So enjoy!
Hamburgers – For those meat eaters, nothing smells better than a juicy hamburger cooking on the grill. Uncooked ground beef is up about 14 cents/pound from last year. Farmers are not making more money, but meat wholesalers like Cargill certainly are. In fact, Cargill’s profits are up 86% from this time last year because their “prices are setting new highs…”
Source: Cargill and USDA
Note: Q3 net earnings (14 April) was $1.03 billion, up 86% from $553 million in the same period a year ago