Bacon shortage

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Shadows1
Posts: 7247
Joined: Tue Aug 14, 2012 3:41 pm

Bacon shortage

Post by Shadows1 » Thu Sep 27, 2012 11:15 am

It has been on the news here for the last 2 days that we are about to experience a world wide bacon shortage! They say that the price of bacon could top $10 per pound by this time next year. I plan on stocking up now just incase it is true.
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tater
Posts: 26
Joined: Mon Sep 03, 2012 4:43 pm

Re: Bacon shortage

Post by tater » Thu Sep 27, 2012 11:20 am

I heard that also, good idea to get it now while it's a good price
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Bergy
Posts: 22468
Joined: Mon Sep 12, 2011 9:53 am

Re: Bacon shortage

Post by Bergy » Thu Sep 27, 2012 11:27 am

I love bacon but I try to stay away from it - Maybe this will help me :lol: :lol: :lol: I do feeel sorry for you all if bacon goes to $10. pound
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Chocolatl
Posts: 512
Joined: Wed Oct 19, 2011 5:33 pm

Re: Bacon shortage

Post by Chocolatl » Thu Sep 27, 2012 4:14 pm

Maybe if the price goes that high, chefs will stop doing goofy things like putting it in brownies. I can hope, anyway.
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Chocolatl
Posts: 512
Joined: Wed Oct 19, 2011 5:33 pm

Re: Bacon shortage

Post by Chocolatl » Thu Sep 27, 2012 9:22 pm

I just read that the availability will only drop 1.3% per capita in the USA and 2-3% worldwide. That doesn't sound much like a catastrophic shortage to me.
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HotPepperRosemary
Posts: 992
Joined: Sat Oct 15, 2011 11:24 am

Re: Bacon shortage

Post by HotPepperRosemary » Thu Sep 27, 2012 10:02 pm

I stocked up on bacon today!!! Yum! And bone in pork chops too!!! And a few pork roasts. :D My freezers are full!!! ;)
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Chocolatl
Posts: 512
Joined: Wed Oct 19, 2011 5:33 pm

Re: Bacon shortage

Post by Chocolatl » Thu Sep 27, 2012 11:31 pm

You know what might cause a shortage? People buying it up to stock up for an anticipated shortage. Self-fulfilling prophecy. ;)
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HotPepperRosemary
Posts: 992
Joined: Sat Oct 15, 2011 11:24 am

Re: Bacon shortage

Post by HotPepperRosemary » Fri Sep 28, 2012 3:08 pm

Chocolatl wrote:You know what might cause a shortage? People buying it up to stock up for an anticipated shortage. Self-fulfilling prophecy. ;)
Actually the market is what drives the prices. Shortage of feed results in a shortage of grain fed animals. Ranchers compete with ethanol producers and exports to other countries drive the markets as well.
Not a bit self-fulfilling prophecy at all. Mother Nature is at it again! :(
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Chocolatl
Posts: 512
Joined: Wed Oct 19, 2011 5:33 pm

Re: Bacon shortage

Post by Chocolatl » Fri Sep 28, 2012 4:37 pm

HotPepperRosemary wrote:
Chocolatl wrote:You know what might cause a shortage? People buying it up to stock up for an anticipated shortage. Self-fulfilling prophecy. ;)
Actually the market is what drives the prices. Shortage of feed results in a shortage of grain fed animals. Ranchers compete with ethanol producers and exports to other countries drive the markets as well.
Not a bit self-fulfilling prophecy at all. Mother Nature is at it again! :(
When rumors of a shortage drive demand up, supply can't keep up. Shortages occur and prices rise.

That's the way the market works. It happened with pumpkin a couple of years ago. Remember the insane prices people were charging on EBay for a can of pumpkin?

It is absolutely a self-fulfilling prophecy.
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Shadows1
Posts: 7247
Joined: Tue Aug 14, 2012 3:41 pm

Re: Bacon shortage

Post by Shadows1 » Fri Sep 28, 2012 5:14 pm

Choco it is not just a rumor!
The drought is being blamed for the lack of livestock feed which will in turn run up the cost to the farmers and so it is passed on to us the consumer. THAT is what the report stated.
Yes rumor can effect price but that is not the case here.
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