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The Crisis We Should Be Panicking About: Bacon Prices
CNBC | 1 Jul 2011 | Cindy Perman

Posted on 07/02/2011 4:33:47 AM PDT by Daffynition

The global debt crisis has sparked riots in Greece and elsewhere in Europe, but while you were watching the mayhem on TV, you might not have noticed that there’s a riot brewing at your kitchen table.

Bacon prices are expected to soar this summer — just in time for peak BLT (bacon lettuce and tomato sandwich) season. BLT season goes into full swing in July across much of the country as tomatoes start to ripen and, if you’re like Jason Perlow, who writes the “Off the Broiler” blog, by August, BLT’s will have become “major meals” instead of just a quick lunch.

But this year, just as the U.S. is worrying about its own debt crisis and a possible "double-dip" recession, the price of bacon —that sizzling, smoky comfort food we most need during tough times — is expected to surge. The price of pork bellies, which is where bacon comes from, jumped to more than $130 per hundredweight (100 pounds), and some analysts suggest it’s going to top last August’s level of $150.


TOPICS: Food; Humor
KEYWORDS: bacon
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Lisa Hubbard | FoodPix | Don Farrall | Photodisc | Getty Images

No nation should be without an SBR — a Strategic Bacon Reserve!

1 posted on 07/02/2011 4:33:49 AM PDT by Daffynition
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To: paulycy
Urgent Bacon ping!


2 posted on 07/02/2011 4:36:01 AM PDT by Daffynition ("Don't just live your life, but witness it also.")
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To: Daffynition
Thanks!

That's just about enough for me, what are you going to eat? lol

3 posted on 07/02/2011 4:37:53 AM PDT by Conservative Vermont Vet (l)
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To: Daffynition

Invest in Bacon futures,
a better choice than gold.


4 posted on 07/02/2011 4:39:55 AM PDT by Joe Boucher ((FUBO) NO RINOs)
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To: Daffynition

Bacon ... it’s meat candy.


5 posted on 07/02/2011 4:41:07 AM PDT by RegulatorCountry
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To: Conservative Vermont Vet
Since there is no substitute...I'm panic stricken...feel a tightening in my chest...................!!!! LOL


6 posted on 07/02/2011 4:41:14 AM PDT by Daffynition ("Don't just live your life, but witness it also.")
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To: Joe Boucher
Maybe *Breakfast at Tiffany's* will become a reality.


7 posted on 07/02/2011 4:43:08 AM PDT by Daffynition ("Don't just live your life, but witness it also.")
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To: RegulatorCountry
Let them eat cake.


8 posted on 07/02/2011 4:45:25 AM PDT by Daffynition ("Don't just live your life, but witness it also.")
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To: Daffynition
Remember Food Inflation?
9 posted on 07/02/2011 4:45:55 AM PDT by blam
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To: Daffynition

Yeah? Well, coffee’s just as bad, if not worse. It’s TRIPLED in price over the last two years or so. Bread is way up and so are eggs. CELERY, fer chrissakes, is now at $2.98!

It’s the inevitable result of the government wildly printing money.

You want to see rioting in the streets here? Just wait until chocolate prices get out of reach!


10 posted on 07/02/2011 4:46:13 AM PDT by Walrus (Big government is the natural enemy of liberty)
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To: Daffynition

Hey, fellas, I got a great idea! Let’s take the corn that is used to feed pigs, and turn it into an expensive and inferior motor fuel that ruins engines. Think of the amazing side benefits, increased deforestation, higher food prices, more fertilizer running off into the water table. I mean, like what could wrong?


11 posted on 07/02/2011 4:46:47 AM PDT by Lonesome in Massachussets (Somewhere in Kenya a village is missing its idiot)
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To: Daffynition
Time to panic

So what's eveyone's preference? Mine is bacon & tomato (no lettuce) with Miracle Whip dressing.

12 posted on 07/02/2011 4:48:54 AM PDT by Hoodat (Yet in all these things we are more than conquerors through Him who loved us. - (Rom 8:37))
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To: Daffynition

Time to start buying piglets and to make our own bacon, like we used to do.

Screw Islam and their fundamentalist idea of eradication of most if not all pork products in America ahead of their grand colonization plans.


13 posted on 07/02/2011 4:52:03 AM PDT by Eye of Unk (2012, NO MORE LIES!)
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To: Daffynition

Can’t remember how many yrs it’s been since I’ve had a BLT.
Sounds kinda good though, if it’s made with a freshly picked tomatoe. Otherwise, fagetaboutit.


14 posted on 07/02/2011 4:52:12 AM PDT by nuconvert ( Khomeini promised change too // Hail, Chairman O)
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To: Daffynition

newt and his wife will eat there quite often then. ;-)

LLS


15 posted on 07/02/2011 4:52:31 AM PDT by LibLieSlayer ("GIVE ME LIBERTY OR GIVE ME DEATH"! I choose LIBERTY and PALIN!)
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To: Walrus

The inflation coupled with the job market will sink Obama regardless of how much his media spins it; they can’t conceal the fact that prices are rising (though they can repeatedly say they’re not - according to them there is no inflation at this point), and they can’t pretend the job market is recovering when everyone we know who has been impacted will tell us otherwise. American voters will send him packing in desperate hopes of regaining just a little of what we had ten years ago (which already was starting to decline - hence Bush’s election). The fact that he is only partly responsible for this dilemna means nothing to people anxious not only about their children’s futures, but their own.


16 posted on 07/02/2011 4:57:51 AM PDT by kearnyirish2
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To: Daffynition

Last night I was watching “Drive-Ins, Dives and Dumpters” They were making a bacon covered doughnuts. How cool. PIG CANDY ! ! !


17 posted on 07/02/2011 4:59:08 AM PDT by 70th Division (I love my country but fear my government!)
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To: Daffynition

This sounds like a dumb question, but if a particular farm commodity increases in price, especially one that’s traded in futures, doesn’t that provide an incentive to the producers of that commodity to increase production?

And on the subject of creeping Islam, shouldn’t we as a Kuffar nation be increasing our consumption of pork and pork products, celebrating the responsible consumption of adult beverages, and proliferating the display of the Cross of our Savior? More anti-Sharia and anti-burka laws won’t hurt, either.

A BLT would go great right now. That’ll be after our weekend breakfast of eggs & bacon.


18 posted on 07/02/2011 5:20:57 AM PDT by elcid1970 ("Deport Muslims. Nuke Mecca. Death to Islam. Freedom for mankind.")
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To: Walrus
My SO always said: *I fight for whoever controls the cocoa bean.* And he meant it! ;D


19 posted on 07/02/2011 5:31:48 AM PDT by Daffynition ("Don't just live your life, but witness it also.")
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To: Hoodat
So what's eveyone's preference? Mine is bacon & tomato (no lettuce) with Miracle Whip dressing

Peanut Butter and Bacon Sandwiches....
Just out of the toaster English Muffin, slathered with crunchy peanut butter that melts nicely into the nooks and crannies and hot off the griddle bacon....Mmmm

20 posted on 07/02/2011 5:34:51 AM PDT by libertarian27 (Ingsoc: Dept. of Life, Dept. of Liberty and the Dept. of Happiness)
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To: blam
Excellent read. Thanks blam.

Am I to believe? Crop planting exceeds expectations, easing fears of shortages and food inflation

21 posted on 07/02/2011 5:37:11 AM PDT by Daffynition ("Don't just live your life, but witness it also.")
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To: Hoodat

Applewood smoked thick sliced bacon.
Sliced Italian tomatoes
Butter leaf lettuce
Onion
Jalapeno Cheese
Hellman’s REAL Mayo


22 posted on 07/02/2011 5:38:13 AM PDT by GRRRRR (He'll NEVER be my President, FUBO! Treason is the Reason! Impeach the Kenyan)
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To: elcid1970
See #21. I would think so. Then there's the knowledge that Soros is buying up all the land in middle America.
23 posted on 07/02/2011 5:40:09 AM PDT by Daffynition ("Don't just live your life, but witness it also.")
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To: libertarian27
Peanut Butter and Bacon Sandwiches....
Just out of the toaster English Muffin, slathered with crunchy peanut butter that melts nicely into the nooks and crannies and hot off the griddle bacon....Mmmm

...and anchovies.

24 posted on 07/02/2011 5:41:39 AM PDT by MARTIAL MONK (I'm waiting for the POP!)
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To: Hoodat

25 posted on 07/02/2011 5:43:31 AM PDT by Daffynition ("Don't just live your life, but witness it also.")
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To: nuconvert
Guy Clark - Homegrown Tomatoes
26 posted on 07/02/2011 5:47:04 AM PDT by Red_Devil 232 (VietVet - USMC All Ready On The Right? All Ready On The Left? All Ready On The Firing Line!)
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To: MARTIAL MONK
Not anchovies!!!


27 posted on 07/02/2011 5:47:23 AM PDT by Daffynition ("Don't just live your life, but witness it also.")
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To: Walrus

I wonder what Ramen soup futures are doing,’cause pretty soon that’s all we will be able to afford to eat.


28 posted on 07/02/2011 6:07:47 AM PDT by Farmer Dean (stop worrying about what they want to do to you,start thinking about what you want to do to them)
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To: Lonesome in Massachussets

We currently have a RECORD corn crop at the ready. Storing it as Bourbon just won’t cut it ~ we’ll need those ethanol plants.


29 posted on 07/02/2011 6:14:33 AM PDT by muawiyah
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To: elcid1970
"This sounds like a dumb question, but if a particular farm commodity increases in price, especially one that’s traded in futures, doesn’t that provide an incentive to the producers of that commodity to increase production?

And on the subject of creeping Islam, shouldn’t we as a Kuffar nation be increasing our consumption of pork and pork products, celebrating the responsible consumption of adult beverages, and proliferating the display of the Cross of our Savior? More anti-Sharia and anti-burka laws won’t hurt, either.

A BLT would go great right now. That’ll be after our weekend breakfast of eggs & bacon."


Depends. If the costs of producing said commodity due to currency devaluation are rising faster than the prices the product is sold at, then what happens is known as "supply shock". When supply shock hits (and it is hitting across our entire economy at this point), goods can no longer be produced profitably even in an environment of increasing prices, so production decreases.

Clear as mud?
30 posted on 07/02/2011 6:17:06 AM PDT by CowboyJay
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To: muawiyah
"Storing it as Bourbon just won’t cut it..."

The hell you say!

31 posted on 07/02/2011 6:17:51 AM PDT by Flag_This (Real presidents don't bow.)
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To: Daffynition

32 posted on 07/02/2011 6:18:07 AM PDT by Tanniker Smith (I didn't know she was a liberal when I married her.)
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To: Daffynition

33 posted on 07/02/2011 6:19:45 AM PDT by Tanniker Smith (I didn't know she was a liberal when I married her.)
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To: CowboyJay

Currency devaluation affects farm production!!!? Our bacon is being exported?

What we need is a “Bacon for America First!” committee.


34 posted on 07/02/2011 6:28:36 AM PDT by elcid1970 ("Deport Muslims. Nuke Mecca. Death to Islam. Freedom for mankind.")
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To: nuconvert
I understand. In a couple of weeks...


35 posted on 07/02/2011 6:39:11 AM PDT by Daffynition ("Don't just live your life, but witness it also.")
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To: muawiyah; Lonesome in Massachussets; Flag_This

36 posted on 07/02/2011 6:44:48 AM PDT by Daffynition ("Don't just live your life, but witness it also.")
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To: Hoodat

Garlic mayo, pancetta, mizuma or arugula, and a big, juicy tomato right of the vine on toasted rustic bread


37 posted on 07/02/2011 6:45:16 AM PDT by KosmicKitty (WARNING: Hormonally crazed woman ahead!!)
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To: CowboyJay

38 posted on 07/02/2011 6:46:56 AM PDT by Daffynition ("Don't just live your life, but witness it also.")
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To: Tanniker Smith
LOL CHEERS!


39 posted on 07/02/2011 6:48:25 AM PDT by Daffynition ("Don't just live your life, but witness it also.")
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To: elcid1970
ME! ME! I want to be Bacon Czarina!


40 posted on 07/02/2011 6:50:59 AM PDT by Daffynition ("Don't just live your life, but witness it also.")
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To: Daffynition

If you are in Arizona, try the bacon ice cream and bacon brittle at Sweet Republic, or the approximately 1 dozen bacon dishes at Citizen Public House. Both in Scottsdale.


41 posted on 07/02/2011 8:01:35 AM PDT by ccmay (Too much Law; not enough Order.)
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To: Daffynition

Last month I had my first ever piece of chocolate covered bacon...really yummy..


42 posted on 07/02/2011 8:07:43 AM PDT by ken5050 (Save the Earth..It's the only planet with chocolate!!!)
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To: Daffynition

On a serious note, how could we be short of bacon? Hogs are running wild all over most of Texas and other states I feel sure. Bacon comes from hogs. I saw wild hogs on our ranch south of Houston yesterday. Hogs multiply like ............ like rabbits or like hogs! Anyone want to go hog hunting?


43 posted on 07/02/2011 8:14:10 AM PDT by Ditter
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To: ken5050

44 posted on 07/02/2011 8:39:25 AM PDT by Daffynition ("Don't just live your life, but witness it also.")
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To: Daffynition

Yoder’s sells canned bacon. There is also “MRE bacon”. Open can and serve, 2 year shelf life.


45 posted on 07/02/2011 8:41:48 AM PDT by tbw2
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To: ccmay
I've never had bacon ice cream....how could it not possibly be wonderful!


46 posted on 07/02/2011 8:43:14 AM PDT by Daffynition ("Don't just live your life, but witness it also.")
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To: Ditter
Bacon for the masses.


47 posted on 07/02/2011 8:44:38 AM PDT by Daffynition ("Don't just live your life, but witness it also.")
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To: tbw2

48 posted on 07/02/2011 8:46:23 AM PDT by Daffynition ("Don't just live your life, but witness it also.")
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To: Eye of Unk
Time to start buying piglets and to make our own bacon, like we used to do.

I'm going to try to sneak some chickens past the HOA, but I'm afraid a pig is pushing it. Good luck to you.

49 posted on 07/02/2011 9:42:26 AM PDT by nina0113
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To: Daffynition

Wait just a danged minute here! Have you been hunting on our place without permission? :D


50 posted on 07/02/2011 9:57:21 AM PDT by Ditter
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