Bacon prices are falling.
From Breaking 911:
Wholesale prices for pork bellies, the cut used for making bacon, plunged 14 percent on Wednesday, the biggest slump since August. The drop sent wholesale pork down the most in more than three years. Costs are tumbling as demand is easing for bacon after soaring this winter, a counter-seasonal move.
Normally, bacon demand heats up in summer, when Americans eat more BLT — bacon, lettuce and tomato — sandwiches. This year, consumers devoured the meat year-round as retailers pushed the product with deals and restaurants upped their use of rashers, adding it to everything from burgers to salads. At the same, McDonald’s Corp. made it a mainstay with its rollout of all-day breakfast. The increased demand more than doubled prices since August.
It’s finally gotten so expensive that the high costs are stemming the tide of bacon indulgence, according to David Maloni, a principal at the National Restaurant Association.
“We’re in bust mode,” Maloni said by phone. “Anytime we get prices up at these levels, wholesale demand backs off, and that’s exactly what we’re seeing.”I credit President Trump.
Let me prove this. Prices rose 20 percent in January, which for most of the month happened on Barack Obama's watch.
From USA Today:
The Ohio Pork Council, a Columbus-based non-profit, reported Tuesday that demand for frozen pork belly, frequently made into bacon, is outpacing supply.
“Today’s pig farmers are setting historic records by producing more pigs than ever,” said Rich Deaton, president of the organization. “Yet our reserves are still depleting.”
There are literally not enough little piggies going to market.
In December 2016, frozen pork belly inventory totaled 17.8 million pounds, the lowest level since 1957, according to the U.S. Department of Agriculture.
As a result, prices are on the rise. The council reports pork belly prices have increased 20 percent in January. Officials said increased foreign demand might account for the decline in inventory. Hog farmers export approximately 26 percent of total productions, the council said.Now Trump is president. We have plenty of bacon to go around.
Make America Great Again.
By making bacon cheap again.
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