The Conservative Cave

The Bar => The Lounge => Topic started by: BlueStateSaint on May 19, 2015, 03:01:18 PM

Title: Something from HuffPo that is actually useful!
Post by: BlueStateSaint on May 19, 2015, 03:01:18 PM

I heard about this this morning as I was coming in to work.  Yeah, it's almost 4 months old, but I think it's holding true now.

Quote

Bacon Prices Are Falling

The Huffington Post  |  By Alexander C. Kaufman
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Posted: 01/27/2015 12:27 pm EST Updated: 01/27/2015 12:59 pm EST

(http://i.huffpost.com/gen/2540666/images/n-BACON-large570.jpg)

Bringing home the bacon is getting a little easier.

Prices of pork products are falling as herds bounce back from a diarrhea-inducing virus epidemic that has killed millions of piglets over the last year, according to data from the U.S. Department of Agriculture.

Hog futures -- contracts that obligate the buyer to purchase pigs at a certain price in the next month -- peaked last March at $1.1167 a pound. Now, next month’s futures are priced at about 69 cents per pound, according to the trade group Chicago Mercantile Exchange.

“Pork prices are getting cheaper,” Terry Roggensack, who co-founded the commodities research firm the Hightower Report, told The Huffington Post on Tuesday. “It’s a positive.”

The rest of that article is here:  http://www.huffingtonpost.com/2015/01/27/pork-prices-falling_n_6555726.html

And another article, also from the end of January:  http://www.kwwl.com/story/27959503/2015/01/28/bacon-prices-are-falling

Let's ask this trusty chocolate lab for his view . . .

(http://funny-pictures-blog.com/wp-content/uploads/2012/09/Bacon.jpg)

Title: Re: Something from HuffPo that is actually useful!
Post by: thundley4 on May 19, 2015, 03:09:53 PM

I haven't seen much drop here. Name brands are still going for close to $7/lb, with store brands about $5-6.  Sneaky bastards have started putting out a lot more 12 ounce packages that look the same size as the pound packages. :rant: