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Old 07-29-2017, 10:14 PM  
Bladewire
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Join Date: Aug 2003
Location: Monarch Beach, CA USA
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Bacon prices have increased 80 percent this year, reserved at 60 year low

#ThanksTrump you fucking pig!


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A national bacon craving is forcing up the price of Lean Hog Futures on the Chicago Mercantile Exchange. And the trend appears set to continue.

Prices for pork bellies, the part of a hog from which bacon is produced, have increased about 80 percent this year, and frozen reserves are at a 60-year low. Lean hog futures are the instrument of choice used as a hedge by both producers and restaurant companies, and are also found in hedge funds, commodity indices and ETFs.

U.S. citizens purchased about 14 percent more bacon in stores in 2016 than in 2013, according to Nielsen research. As seen in the table below, year-on-year prices are up about 50 percent on average.

https://www.bloomberg.com/view/artic...-now-just-wait
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