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Bacon Shortage

db4600

db4600

Well-known Member
Just read an article in USA Today that said we have a bacon shortage. According to the article the frozen pork belly inventory in December was at 17.8 million pounds which is the lowest the reserve has been since 1957. It also said that while pork production is at an all time high the demand for bacon is out pacing pork belly production. I would think the X factor would be how many locally raised pigs were locally butchered in 1957 and might not have figured into the 1957 estimate? This could be huge!
 
Far as I'm concerned there should always be more bacon lol. Always wonder if the numbers are true or just misrepresented somehow.
 
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I heard that on the radio yesterday. It's at an new low level but there is still plenty of it out there. Then they were saying how it was traded as pork bellies on the stock market. Then I got to wondering ? Why are pork bellies the only meat traded on the stock market ? or are there others you just never really hear about ?
 
I wouldn't take much stock in what you hear. I remember a few years ago,seeing on This Week in Louisiana Agriculture that there were fewer acres of rice being planted because there was such a surplus. An hour and a half later,on the six o'clock news,they were talking about a rice shortage. For about the next month,they were limiting the amount that you could by at the store to just a few pounds at a time. Within six weeks they had 10 pound bags stacked up on sale.

Just a few weeks ago,some report came out saying that beef in cold storage was at it's lowest numbers since 2011. The futures prices starting going up like crazy. Last Friday the cattle on feed report came out with huge new numbers and the price has been dropping like a rock.
 
Also saw on yesterdays news that Warren Buffet stops at Mc Donalds every morning for a bacon/egg/cheese mcmuffin and always pays with the exact change.
 
I also read that one of the major networks is doing a story on the pipe line protests in North Dakota. The reporter was totally surprised that the native americans bought food in the grocery store. He apparently thought they floated the harvested buffalo down the river to a central point as the main source of their food. One of the tribe leaders had to straighten him out I guess. Just what I read.
 
you know that the toilet paper shortage was caused by Johnny Carson as a joke and people went nuts
 
News report said 25% of U S bacon production is exported. There in lies the problem. Price is high in grocery. Need to squash bacon exports so more supply becomes available in U S and lower price of bacon for American housewife. Is supply and demand thing. Too much demand from overseas.
 
Don't know as it was on sale this week and it was a several brands on sale or marked down thing.
 
I thought you guys wanted to stop immigration? Take away their bacon and the whole world will be beating down our door to get here.
 
I was just thinking "That's the lowest I've seen bacon for awhile" when I saw the Safeway ad yesterday- Hormel Black Label thick sliced for $2.50 a pound. Its usually more like 5 bucks.
 
Well, if you remember Smithfield Foods, the largest pork producer, was sold to the Chinese back in 2013 for 4.72 billion. When this happened I thought this would make our pork prices go up since the Chinese would be exporting pork to China. Well, it seems it has taken awhile but if our pork belly supply is low, that could be the cause.
It seems any time farm products are exported out of the country, our prices go up to us, the consumers. If the demand goes up worldwide, the supply goes down and the price goes up, at least until there is a glut in production. Be it good or bad..

Dick
 
There is a little sarcasm in my post. Was told by some on here not long ago that exports are not that important and have little effect on commodity price of ag commodities. This seems to show a different viewpoint than that. If high exports and low supply are giving pork producers higher returns there nothing wrong with them making a little money. Can't actually think of any reason to lower exports of any ag commodity.
 
You sound like a guy my dad used to hang around with. His wife wouldn't let him have anything good. When they'd go for coffee,he didn't even dare eat pie because he was afraid his wife would find out. Dad said he was so malnourished,he'd fall asleep in the car when they were going a short distance.
Poor guy slipped on the ice,ruptured his spleen and died.
I guess he might as well have had that pie after all.
 
I don't eat bacon any more either, just from what the company puts in it, wife buys side pork from the butcher shop and we eat that. Not to be too much of a health food nut on here! LOL
 
(quoted from post at 11:31:21 02/01/17) Just read an article in USA Today that said we have a bacon shortage. According to the article the frozen pork belly inventory in December was at 17.8 million pounds which is the lowest the reserve has been since 1957. It also said that while pork production is at an all time high the demand for bacon is out pacing pork belly production. I would think the X factor would be how many locally raised pigs were locally butchered in 1957 and might not have figured into the 1957 estimate? This could be huge!
Click to expand...
Fake News!
 
Hope there is enough for bacon fest in Des Moines this coming summer. Was planning on going.
 
I saw a show on tv where they were making bacon. It took about 7 minutes to go from a tub of pork bellies to injected, sliced, vacuum packed and in a shipping carton.
 
My coffee buddy says his doc has a very simple rule for him: "If it tastes good, spit it out." I don't think my friend takes him completely seriously.
 
I'm not trying to be a 'wise guy' but you said Safeway? There hasn't been a Safeway store around here (Iowa) since the late 60's. Too expensive and couldn't compete with Hy-Vee, Hinky Dinky, IGA and Dahl's. I do feel bad for so many of my 'friends' here when I see what they are paying or putting up with, customer service-wise. It appears Iowa-you know; 'flyover country', isn't so bad after all.
 
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