The Crisis We Should Be Panicking About: Bacon Prices

CNBC | 1 Jul 2011 | Cindy Perman

[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.

[Daffynition]

Excellent read. Thanks blam.

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

[GRRRRR]

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

[Daffynition]

See #21. I would think so. Then there's the knowledge that Soros is buying up all the land in middle America.

[MARTIAL MONK]

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.

[Daffynition]

[Red_Devil 232]

Guy Clark - Homegrown Tomatoes

[Daffynition]

Not anchovies!!!

[Farmer Dean]

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

[muawiyah]

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.

[CowboyJay]

"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?

[Flag_This]

"Storing it as Bourbon just won’t cut it..."

The hell you say!

[Tanniker Smith]

[Tanniker Smith]

[elcid1970]

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

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

[Daffynition]

I understand. In a couple of weeks...

[Daffynition]

[KosmicKitty]

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

[Daffynition]

[Daffynition]

LOL CHEERS!

[Daffynition]

ME! ME! I want to be Bacon Czarina!