It may be disheartening that the price for a pint of beer in Europe has risen to $ 6.30 due to harvest troubles and a Russian wheat crisis, reports the London Telegraph. There is one more problem that is worse. Bacon prices are going up significantly. Last year bacon prices were cheaper. CNBC says the price went up 20 percent. While grease-loving foodies who may need pay day loans before their next cash now aren’t in hog heaven over this sorrowful state of swine affairs, researchers claim this is actually a good sign for the U.S. economy.
$ 4 per pound is the price of good ole bacon
The Department of Agriculture has given their opinion on the situation. It feels the rise in price is because there is a supply-and-demand curve that has to be met. The recession has caused more to get rid of their pigs. Tomatoes are at the moment ripe, so BLT sandwiches are a hot item – and thus there’s a need for more bacon. The National Review says this is “Obama’s Next Crisis.”
Bad for the few, but great as a whole
The National Review was all upset about the bacon issues. It forgot to mention all the good things to come from it. This means that more individuals want to buy luxury items like bacon. It’s a step within the right direction, for when people reach for luxury items, things tend to be going better as a whole, economically. It was said by Rich Nelson of Allendale, Inc. that “They may not be getting steak rather than hamburger, however they will put bacon on their hamburger or other things.” This is good news.
Bacon tends to be in more items at restaurants because of this.
Demand will fatten the herd
Demand has caused numerous of the pig farmers to pick up some more for the herd. Hog tends to be the most picked up thing. Nelson feels like prices will go down. This should happen by mid-2011. Fat on generic brands of bacon abound meaning there is less meat left after losing the fat. More people are buying the generic brands. According to Jason Mosely of Mr. Baconpants, “Your BLT deserves the best bacon you are able to afford!” despite the fact that most know the economy must be recovering due to the greatness of bacon, including CNBC’s Heather Lauer. Hopefully this means that most plan to celebrate International Bacon Day patriotically. It is September fourth. This really is the case.
Additional reading
CNBC
cnbc.com/id/38725523/
The only problem with bacon is that it makes you thirsty… for more bacon.
youtube.com/watch?v=CaK9bjLy3v4
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