Posts Tagged ‘prices’

Record High Grocery Prices As Farmers Smash Eggs & Dump Milk

By Mac Slavo Food prices have soared in recent weeks while at the same time, farmers are smashing eggs and dumping out milk. Farmers are wasting more food than ever while most Americans are feeling a pinch at the grocery store. The power-hungry elitists have done their job.  The wealthy will get to eat while […]

Beef Prices Explode To Record High As More Stores Limit Meat Purchases

By Tyler Durden Just a few days ago we marveled as wholesale beef prices had soared over 60% from their February lows to a record $331 per 100 pounds. Well, that was then, because today alone, the wholesale price soared by 8.6% or $32.60 to a new all time high of $410.05, almost doubling in […]

Beef Prices Soar To Record High As Meatpacking Plants Shutter

April 30, 2020 By Tyler Durden Wholesale American beef prices jumped 6% to a record high of $330.82 per 100 pounds, a 62% increase from the lows in February, according to Bloomberg, citing new USDA data. The surge in beef prices comes at a time when the nation’s food supply chain network has been severely damaged […]

Oil Prices Just Plunged to NEGATIVE $37 a Barrel — by FAR the Lowest Price in History

(TMU) — In a historic first, U.S. oil prices plummeted Monday into the negative, marking just the latest grim moment in the massive disruption of global markets caused by the spread of the novel coronavirus. The collapse in crude oil prices and frenzied last-minute selling comes as demand has completely evaporated due to a freeze […]

Historic Oil Crash Sends Canadian Oil Prices Negative

When Goldman’s crude oil analysts turned apocalyptic last month, writing that “This Is The Largest Economic Shock Of Our Lifetimes“, they echoed something we said previously namely that the record surge in excess oil output amounting to a mindblowing 20 million barrels daily or roughly 20% of the daily market… … the result of the […]

Meat Prices Suddenly Surge As Food Processing Plants Shut Down, With 1000s Of Tons Left To Spoil

By Tyler Durden As we pointed out earlier in the week, China-owned Smithfield Food’s decision to temporarily shutter the largest pork processing plant in the US, based in Sioux Falls, SD, due to a coronavirus outbreak is a much more significant even than the mainstream media gave credit for. While WaPo focused on bashing the […]

Oil Prices Tumble After Record Inventory Builds, Collapse In Demand

Oil prices have been on a vicious rollercoaster overnight, surging (oddly) after API reported US inventories rose by almost 12 million barrels last week (while those in Europe grew by a similar amount, according to data provider Kayrros); then tumbling as Europe opened, only to be panic-bid from around the US equity market open this morning (WTI […]

Huge increase in food demand due to coronavirus sends wholesale egg prices skyrocketing 180%

(Natural News) If you’re used to starting your day with coffee, orange juice, bacon, toast and some eggs, brace yourself – the price of wholesale eggs in the U.S. has skyrocketed to a shocking 180 percent from its regular price. And reports reveal that increased buying due to the coronavirus (COVID-19) pandemic […]

With "No Deal In Sight" – Russia Says Ready For Lower Oil Prices 

Update (0815ET): Russia says it is ready for a decline in oil prices. It said OPEC+’s proposed deeper production cuts aren’t a solution to rebalancing the global oil market amid a collapse in demand. * * *  Brent crude futures tumbled by more than 4% on Friday after Reuters reported that Russia had rejected steep production cuts […]

US Producer Prices Rise At Fastest Pace In 9 Months As Service Costs Soar

US Producer Prices spike 0.5% MoM in January, sending the Final Demand data up 2.1% YoY -the hottest inflationary print since April 2019. Source: Bloomberg Producer prices excluding food, energy, and trade services – a measure preferred by economists because it strips out the most volatile components – rose 0.4% from the prior month, the most […]

Tesla Prices Offering At $767 Despite Warning About Coronavirus, SEC Subpoena, & Chinese Model X Recalls

Tesla stock is volatile in early trading on Friday morning after the company announced that it priced its recent $2 billion stock offering at an astronomical $767 per share. For the company, it is an impressive valuation to raise several billion in cash at, especially given that Tesla’s stock was trading more than 50% lower […]

Coronavirus Outbreak Alert: Food Prices SKYROCKET In China

February 10, 2020 By Mac Slavo Food prices have skyrocketed in China amidst the ongoing coronavirus outbreak plaguing the country. Food prices are soaring more than 20% according to government statistics released Monday. China’s consumer price index (CPI) spiked 5.4% compared to this time last year, the country’s state-run media organization Xinhua reported, citing the […]

US Consumer Prices Accelerate At Fastest Since Oct 2018

Headline consumer price inflation was expected to accelerate its recent trend higher in December, and it did, but slightly disappointing. Headline CPI rose 2.3% YoY (below the +2.4% YoY) but above November’s +2.1% and the highest since Oct 2018. Core CPI also rose 2.3% YoY (as expected)… Source: Bloomberg Goods prices barely managed to rise […]

Military Contractors Raytheon, Lockheed Martin See Stock Prices Soar Amid Iran Crisis

War. Motown singer Edwin Starr claimed it was nothing but a heartbreaker and good news only for the undertaker. But another group rubbing their hands at increased tensions with Iran are military contractors, who saw their stock prices soar at the increased chance of conflict. Lockheed Martin, famous for its fighter planes, helicopters and missiles, […]

Oil Prices Spike as US Deploys 3,000 Additional Troops to Middle East Amid Iran Tensions

(MEMO) — Oil prices jumped to the highest level in more than three months on Friday after the US killed a top Iranian military commander in Iraq, sparking fears that escalating conflict in the region could disrupt global oil supplies, Reuters reports. An air strike at Baghdad airport killed Major-General Qassem Soleimani, architect of Iran’s spreading military […]

Oil prices surge to highest level since April after US assassinates Iran’s top commander in airstrike

CNBC – Oil prices surged 3% on Friday following confirmation by the Pentagon that Iran’s top commander was killed in a U.S. airstrike in Baghdad, raising concerns of a bigger conflict between the two countries that could disrupt energy production in the region. The U.S. military took the “decisive defensive action to protect U.S. personnel […]

Heavily-armed soldiers, violence, sky-high prices, a Santa Claus gender war & no mention of the Nativity… Merry Christmas, Europe!

Ah, Christmas in Europe! Rosy-cheeked children waiting for Santa Claus and his team of reindeer to overwhelm them with gifts. A feast of mince pies, turkey and mulled wine. Today the only place to really experience this idyll is in your dreams. Because Christmas celebrations in Europe have become a violent, bleak, homogenized, commercial disappointment. […]

US Producer Prices Grow At Slowest Pace In Over 3 Years

Following yesterday’s bigger than expected rise in consumer prices (driven by surging services costs), US producer prices were expected to accelerate after slowing dramatically in recent months, but it didn’t with core PPI dropping 0.2% MoM and headline PPI holding at just 1.1% YoY – the lowest since September 2016. Source: Bloomberg Core PPI fell […]

US Consumer Prices Jump Most In A Year, But Goods Costs Decelerate

US consumer prices jumped more than expected in November, rising 2.1% YoY – the biggest jump since Nov 2018. Source: Bloomberg Core CPI rose 2.3% YoY (slightly slower than the last 3 months), with Energy, Used Cars, and Shelter dominating the MoM gains. The shelter index rose 0.3 percent in November. The index for rent […]

Adapt 2030 Ice Age Report: Meat prices spike across the globe are you ready for a financial reset?

   Brazil meat prices spiking as China buys so much from the nation as China itself sets a new record for pork hyperinflation while also seeing spikes in vegetable pricing. US sending 1/2 hogs to China,so its only a matter of time before the US experiences the same as Brazil. Vyper Smart Contracts for global […]

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