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Re: Bacon Shortage


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Posted by rrlund on February 01, 2017 at 11:30:55 from (162.250.24.100):

In Reply to: Bacon Shortage posted by DB4600 on February 01, 2017 at 10:31:21:

I wouldn't take much stock in what you hear. I remember a few years ago,seeing on This Week in Louisiana Agriculture that there were fewer acres of rice being planted because there was such a surplus. An hour and a half later,on the six o'clock news,they were talking about a rice shortage. For about the next month,they were limiting the amount that you could by at the store to just a few pounds at a time. Within six weeks they had 10 pound bags stacked up on sale.

Just a few weeks ago,some report came out saying that beef in cold storage was at it's lowest numbers since 2011. The futures prices starting going up like crazy. Last Friday the cattle on feed report came out with huge new numbers and the price has been dropping like a rock.


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