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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 theres 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 youre like Jason Perlow, who writes the Off the Broiler blog, by August, BLTs 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 its going to top last Augusts level of $150.
TOPICS: Food; Humor
KEYWORDS: bacon
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To: blam
21
posted on
07/02/2011 5:37:11 AM PDT
by
Daffynition
("Don't just live your life, but witness it also.")
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)
To: elcid1970
23
posted on
07/02/2011 5:40:09 AM PDT
by
Daffynition
("Don't just live your life, but witness it also.")
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!)
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.")
To: nuconvert
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!)
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.")
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)
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
To: elcid1970
"This sounds like a dumb question, but if a particular farm commodity increases in price, especially one thats traded in futures, doesnt that provide an incentive to the producers of that commodity to increase production?
And on the subject of creeping Islam, shouldnt 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 wont hurt, either.
A BLT would go great right now. Thatll 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?
To: muawiyah
"Storing it as Bourbon just wont 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.)
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.)
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.)
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.")
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.")
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.")
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!!)
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.")
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.")
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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