Not Logged In Log In   Sign Up   Points Leaders
Follow Us    1:58 PM

Message Forum - Read Message

Category: All Things Ethanol > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: Pizza Hut KFC Back to Topics
barryo62

Rookie Author
Iowa

Posts:72
Points:1,890
Joined:Oct 2012
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
Profile Pic
cwwilliams1978
Rookie Author Austin

Posts:29
Points:93,640
Joined:Mar 2012
Message Posted: Oct 9, 2014 8:19:12 AM

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

Posts:1,359
Points:322,645
Joined:Feb 2005
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.
Profile Pic
BUSSY
Champion Author Dallas

Posts:12,513
Points:2,062,350
Joined:Oct 2006
Message Posted: Oct 7, 2014 12:10:01 PM

no one knows
Profile Pic
MertieMan
Champion Author Lexington

Posts:17,374
Points:3,495,335
Joined:May 2005
Message Posted: Oct 6, 2014 5:08:06 AM

How do you know this rookie?
Profile Pic
stickyvalves
Champion Author Iowa

Posts:7,301
Points:2,049,200
Joined:Oct 2005
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.
Profile Pic
SoylentGrain
Champion Author Illinois

Posts:1,175
Points:21,500
Joined:Nov 2012
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]
Profile Pic
rumbleseat
Champion Author Winnipeg

Posts:25,282
Points:3,830,080
Joined:Oct 2002
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.
Profile Pic
krzysiek_ck
Champion Author Illinois

Posts:8,264
Points:1,325,380
Joined:Apr 2011
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?
Profile Pic
zippy3231
Champion Author Jacksonville

Posts:2,083
Points:822,785
Joined:Mar 2012
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!
Profile Pic
TerrySawchuk
All-Star Author British Columbia

Posts:856
Points:323,595
Joined:Jun 2011
Message Posted: Sep 2, 2014 10:15:22 PM

Both are decent restaurants.
Profile Pic
hands84
Rookie Author Virginia

Posts:9
Points:4,080
Joined:Aug 2014
Message Posted: Aug 26, 2014 2:30:54 PM

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

Posts:3,814
Points:139,355
Joined:Apr 2013
Message Posted: Jun 23, 2014 4:15:11 PM

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

Posts:1,084
Points:290,510
Joined:Aug 2013
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.
Profile Pic
Tommyguns45
Champion Author Illinois

Posts:1,816
Points:699,745
Joined:Feb 2012
Message Posted: Jun 18, 2014 9:58:45 AM

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

Posts:7,301
Points:2,049,200
Joined:Oct 2005
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.
Profile Pic
thebrohta167
Champion Author New Jersey

Posts:2,457
Points:503,825
Joined:Nov 2010
Message Posted: Jun 17, 2014 4:39:37 PM

never
Profile Pic
linku2gasbuddy
Sophomore Author Dallas

Posts:159
Points:973,115
Joined:Mar 2011
Message Posted: Jun 16, 2014 8:55:27 PM

Never.
Profile Pic
herbybaby420
Rookie Author Ohio

Posts:18
Points:10,885
Joined:Apr 2012
Message Posted: Jun 16, 2014 9:52:10 AM

I agree
Profile Pic
khp33
Rookie Author Erie

Posts:15
Points:7,360
Joined:Jan 2013
Message Posted: Jun 10, 2014 10:54:36 AM

Yes I agree.
Profile Pic
barryo62
Rookie Author Iowa

Posts:72
Points:1,890
Joined:Oct 2012
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.
Profile Pic
Sugarshaneo7
Veteran Author Michigan

Posts:374
Points:72,070
Joined:Nov 2011
Message Posted: May 30, 2014 10:13:30 AM

crapfest food.
Profile Pic
rick_evans
Champion Author Boston

Posts:6,427
Points:1,622,130
Joined:Aug 2005
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.

Profile Pic
TX_HOU
Sophomore Author Houston

Posts:104
Points:598,195
Joined:Sep 2012
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!!
Profile Pic
Floridaman2013
Champion Author Florida

Posts:2,358
Points:491,145
Joined:May 2013
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.
Profile Pic
WEPSMAN
Champion Author South Dakota

Posts:11,306
Points:2,551,225
Joined:Mar 2005
Message Posted: Mar 30, 2014 9:35:03 PM

It won't.
Profile Pic
Chazzer
Champion Author Nevada

Posts:18,802
Points:3,895,400
Joined:May 2002
Message Posted: Mar 18, 2014 1:16:39 PM

Who gives a flying fig!
Profile Pic
thebrohta167
Champion Author New Jersey

Posts:2,457
Points:503,825
Joined:Nov 2010
Message Posted: Mar 15, 2014 5:54:23 PM

ok
Profile Pic
tomtom08
All-Star Author Providence

Posts:570
Points:66,915
Joined:Dec 2008
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]
Profile Pic
namzza6310
Champion Author Milwaukee

Posts:1,627
Points:1,193,065
Joined:Sep 2010
Message Posted: Mar 12, 2014 8:44:51 AM

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

Posts:8,264
Points:1,325,380
Joined:Apr 2011
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.
Profile Pic
GLM4205
Champion Author Toledo

Posts:6,326
Points:1,325,060
Joined:Dec 2010
Message Posted: Mar 12, 2014 5:38:02 AM

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

Posts:23,716
Points:2,780,090
Joined:Apr 2006
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]
Profile Pic
RS101
Champion Author Minnesota

Posts:4,735
Points:561,100
Joined:May 2013
Message Posted: Mar 9, 2014 9:14:04 AM

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

Posts:207
Points:41,415
Joined:Jan 2014
Message Posted: Feb 13, 2014 9:19:42 AM

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

Posts:2,366
Points:1,065,520
Joined:Mar 2011
Message Posted: Feb 13, 2014 6:54:14 AM

Blame the commodity traders
Profile Pic
barryo62
Rookie Author Iowa

Posts:72
Points:1,890
Joined:Oct 2012
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.
Profile Pic
Hannie59
All-Star Author Appleton

Posts:964
Points:24,300
Joined:Apr 2010
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]
Profile Pic
GrumpyCat
Champion Author Alabama

Posts:5,368
Points:1,265,125
Joined:Jun 2009
Message Posted: Feb 7, 2014 10:22:20 PM

When is ethanol going to drop $4/7 (which is not 50%)?
Post a reply Back to Topics