Bacon prices go up meaning the economy is doing a bit better

There has been a Russian wheat crisis and harvest problems in Europe. This means buying a pint of beer in Europe is now going to cost about $ 6.30. But what’s worse is that bacon prices are going up. CNBC explains that bacon costs 20 percent more than it did last year. Any person who likes their bacon every morning is surely upset by this although the U.S. economy is doing better with this rise in price.

Getting bacon can cost $ 4 per pound

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. Pig farms are getting smaller lately. This is due to the recession. Tomatoes are in season meaning more people are wanting BLTs, which requires bacon of course. Bacon is something needed for BLTs. Those are hot in demand with the tomato season going strong. Obama’s Next Crisis,” is what the National Review calls it right about now.

One man’s crisis, another man’s baby steps to recovery

The National Review, in its swine sorrow, has failed to see the silver lining. Bacon is considered to be a luxury item. If more individuals are buying it, then more individuals are feeling comfortable to buy luxury items. It’s a step in the right direction, for when people reach for luxury items, things tend to be going better as a whole, economically. Rich Nelson of market research firm Allendale, Inc. said that “They may not be getting steak instead of hamburger, but they will put bacon on their hamburger or other things.”

Bacon tends to be in more items at restaurants because of this.

More fattened through demand

Pig farmers will no doubt respond to increased demand by expanding their hog stocks. Nelson speculates that by mid-2011, bacon prices will start to drift down. Fat on generic brands of bacon abound meaning there is less meat left after losing the fat. More people are purchasing the generic brands. According to Jason Mosely of Mr. Baconpants, “Your BLT deserves the best bacon you are able to afford!” even though most know the economy must be recovering as a result of greatness of bacon, including CNBC’s Heather Lauer. International Bacon Day lies on September fourth and will be celebrated patriotically hopefully. It actually is.

Discover more details on this subject

CNBC

cnbc.com/id/38725523/

The only problem with bacon is that it makes you thirsty… for more bacon.

youtube.com/watch?v=CaK9bjLy3v4