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barryo62

Rookie Author
Iowa

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Message Posted: Feb 7, 2014 1:12:29 PM

Restaurant chains Pizza Hut and KFC are against ethanol because of higher food costs.
The price of corn dropped 50% in last 6 months.
When are they going to drop their prices 50%?
Summer of 2013 corn was over $7 per bushel now is little over $4 per bushel.
When is food going to drop in price?
REPLIES (newest first) Post a Reply
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ricks327
Rookie Author Detroit

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Message Posted: Nov 23, 2014 2:22:16 PM

What type of oil does KFC use in their fryers?
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bigpeteOH
Rookie Author Ohio

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Message Posted: Oct 21, 2014 3:08:12 PM

We are getting ripped of right in front of our faces.
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cwwilliams1978
Rookie Author Austin

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Message Posted: Oct 9, 2014 8:19:12 AM

just like gas, we all need food. Cheaper to eat at home though.
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klutz347
Champion Author Michigan

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Message Posted: Oct 9, 2014 6:25:29 AM

Prices will never drop.

They have everyone conditioned to the high price so if you do find it lower than the new "Normal Price" you think you're getting a deal.

Just like gas. Anything under $3/ gal is an awesome price. But when you think about it, you're still paying around $3/ gal.

Last night I was able to get 30 gal of 87 for under $2/ gal. I was giddy with excitement about it. Then I thought about it for a minute. I was still paying around $2 FOR it.
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BUSSY
Champion Author Dallas

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Message Posted: Oct 7, 2014 12:10:01 PM

no one knows
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MertieMan
Champion Author Lexington

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Message Posted: Oct 6, 2014 5:08:06 AM

How do you know this rookie?
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stickyvalves
Champion Author Iowa

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Message Posted: Oct 5, 2014 3:58:22 PM

I paid $2.75 for corn in a country elevator 40 tears ago.
Drop your wages back to the levels of 40 years ago and then we will discuss the disparities of corn and food prices.
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SoylentGrain
Champion Author Illinois

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Message Posted: Oct 5, 2014 10:43:38 AM

The per bushel price of corn is selling below what it did forty years ago. Is pizza and chicken selling for less than it did 40 years ago? The answer is no. But, corn is.

Had the price of corn kept up with inflation it would be selling for almost $20 a bushel. This past week, the cash price of corn was as low as $2.75 and lower.

Puzzling, isn't it? Not really. Farming is like any other industry. As market demand increased for corn, farmers simply grew more corn to meet market demand.

Corn Cash Price

[Edited by: SoylentGrain at 10/5/2014 10:45:53 AM EST]
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rumbleseat
Champion Author Winnipeg

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Message Posted: Sep 5, 2014 7:40:11 PM

"Get rid of Ethanol and we can see cheaper Food cost! All Ethanol did was deferr Corn From Food to Fuel and raise its cost!"
Horse pucky! The biggest driver in food price increase us transportation, Can you say diesel? See, that wasn't hard.
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krzysiek_ck
Champion Author Illinois

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Message Posted: Sep 5, 2014 9:06:39 AM

zippy3231 wrote: "Get rid of Ethanol and we can see cheaper Food cost! All Ethanol did was deferr Corn From Food to Fuel and raise its cost!"

Please educate us. How exactly will getting rid of Ethanol lower food cost? How exactly did ethanol raise the cost of food? Let's see some proof. Is there a possibility you just made up this garbage?
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zippy3231
Champion Author Jacksonville

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Message Posted: Sep 3, 2014 9:49:35 AM

Get rid of Ethanol and we can see cheaper Food cost! All Ethanol did was deferr Corn From Food to Fuel and raise its cost! It did not lower the country dependant to Carbon Based Fuel as it takes Carbon Based Fuel to change the Corn to Ethanol!
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TerrySawchuk
All-Star Author British Columbia

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Message Posted: Sep 2, 2014 10:15:22 PM

Both are decent restaurants.
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hands84
Rookie Author Virginia

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Message Posted: Aug 26, 2014 2:30:54 PM

prices don't go down because costs go down. profits go up.
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magpie2013
Champion Author Milwaukee

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Message Posted: Jun 23, 2014 4:15:11 PM

Mine as well make moonshine they will make more money off of that!
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Awing1
Champion Author Ontario

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Message Posted: Jun 19, 2014 7:47:16 AM

They are not going to drop food prices even though corn prices go down like gas companies.
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Tommyguns45
Champion Author Illinois

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Message Posted: Jun 18, 2014 9:58:45 AM

Never til a law is passed to abolish ethanol
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stickyvalves
Champion Author Iowa

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Message Posted: Jun 17, 2014 5:07:41 PM

Corn prices are down 16% last 30 days. Make sure the grain millers union wages follow.
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thebrohta167
Champion Author New Jersey

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Message Posted: Jun 17, 2014 4:39:37 PM

never
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linku2gasbuddy
Veteran Author Dallas

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Message Posted: Jun 16, 2014 8:55:27 PM

Never.
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herbybaby420
Rookie Author Ohio

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Message Posted: Jun 16, 2014 9:52:10 AM

I agree
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khp33
Rookie Author Erie

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Message Posted: Jun 10, 2014 10:54:36 AM

Yes I agree.
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barryo62
Rookie Author Iowa

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Message Posted: May 30, 2014 5:53:07 PM

New crop new is priced at $4.17 per bushel in my area that is about break even for corn producers.
People in USA have the cheapest most plentiful and safest food in the world.
If you do not believe me go out in public or look at a friend or family member or yourself and observe how many people are overweight and obese.
If food was expensive and scarce people would be skinny and few people over weight.
Ethanol is not making food prices higher.
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Sugarshaneo7
Veteran Author Michigan

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Message Posted: May 30, 2014 10:13:30 AM

crapfest food.
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rick_evans
Champion Author Boston

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Message Posted: May 25, 2014 11:22:47 AM

"Restaurant chains Pizza Hut and KFC are against ethanol because of higher food costs.The price of corn dropped 50% in last 6 months. When are they going to drop their prices 50%?When is food going to drop in price?"

Labor, rent, insurance, energy, marketing make up most of the price of your fatty fast food. The price of corn is largely irrelevant.

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TX_HOU
Sophomore Author Houston

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Message Posted: Apr 9, 2014 6:31:22 PM

Why do the charge a delivery fee but not give it to their drivers? So lame!!
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Floridaman2013
Champion Author Florida

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Message Posted: Mar 31, 2014 7:53:24 AM

If Pizza hut and KFC are too expensive for you, there plenty of other fast foods to eat! I myself, don't find their prices high around here.
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WEPSMAN
Champion Author South Dakota

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Message Posted: Mar 30, 2014 9:35:03 PM

It won't.
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Chazzer
Champion Author Nevada

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Message Posted: Mar 18, 2014 1:16:39 PM

Who gives a flying fig!
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thebrohta167
Champion Author New Jersey

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Message Posted: Mar 15, 2014 5:54:23 PM

ok
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tomtom08
All-Star Author Providence

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Message Posted: Mar 13, 2014 7:56:47 PM

quality of food has dropped due to good ol usa buying from other countries. food prices are outrages

[Edited by: tomtom08 at 3/13/2014 7:57:28 PM EST]
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namzza6310
Champion Author Milwaukee

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Message Posted: Mar 12, 2014 8:44:51 AM

Sorry Pizza Hut and KFC...prices are higher because Big Oil is a oligopoly.
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krzysiek_ck
Champion Author Illinois

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Message Posted: Mar 12, 2014 8:21:46 AM

Shockjock1961 wrote: "When are ethanol prices going to fall? After all corn prices have fallen, so shouldn't ethanol follow suite?"

As usually wrong questions for the purpose of steering the conversation off the topic. Back on the topic. When will food industry lower their prices since the corn price dropped? Let's see the answer Shockjock1961.
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GLM4205
Champion Author Toledo

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Message Posted: Mar 12, 2014 5:38:02 AM

It's about profits, not about making it cheaper for you.
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Shockjock1961
Champion Author Illinois

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Message Posted: Mar 9, 2014 1:37:28 PM

"ETHANOL? What the heck does ETHANOL have to do with food prices"

Why you answered your own question Hannie. Ethanol is energy, and you blame energy prices for the high food prices. GrumpyCat proposed an interesting question. When are ethanol prices going to fall? After all corn prices have fallen, so shouldn't ethanol follow suite?



[Edited by: Shockjock1961 at 3/9/2014 1:37:57 PM EST]
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RS101
Champion Author Minnesota

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Message Posted: Mar 9, 2014 9:14:04 AM

Its about profits and that means making food cheaper at times.
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Bowlerman10
Sophomore Author Fort Worth

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Message Posted: Feb 13, 2014 9:19:42 AM

its about profits, not about making it cheaper for you.
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dassfg
Champion Author Fort Worth

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Message Posted: Feb 13, 2014 6:54:14 AM

Blame the commodity traders
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barryo62
Rookie Author Iowa

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Message Posted: Feb 8, 2014 9:36:03 AM

Thank you for your very sensible reply Hannie.
I wished other people could figure that out also.
Yes we are getting lied to by oil companies.
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Hannie59
All-Star Author Appleton

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Message Posted: Feb 8, 2014 7:38:47 AM

Barry, to answer your question, food is not gonna drop. That is because ethanol has nothing to do with food prices. HERE'S YOUR PROOF YOU OIL SHILLS. There was NEVER a correlation!!!! The shills lied, thats all they do! Unless ENERGY prices drastically drop, there will be no decrease in food. Because the majority of what we consume is industrialized, processed, caloric energy (hesitate to call it food) that is produced in factories and transported to markets. ETHANOL? What the heck does ETHANOL have to do with food prices. NOTHING and it's now proven!

Barry, you touch on the fact that ethanol is a scapegoat for alot of monopolies in this country that are killing us. oil, big food, etc. When something is good for our country and the world, like ethanol from whatever source is best to make it, those that hold the power will spare no lie to keep it off the market. They want to make sure you only buy petroleum and only eat processed, unhealthy foods.



[Edited by: Hannie59 at 2/8/2014 7:44:44 AM EST]
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GrumpyCat
Champion Author Alabama

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Message Posted: Feb 7, 2014 10:22:20 PM

When is ethanol going to drop $4/7 (which is not 50%)?
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