BACONNNNNNNN
Bacon demand is up and pig counts are down.
Summer is the time of year to get that bacon sizzlin’, but recent BLT frenzies have driven pork stock piles to their lowest point since 1957—and it’s showing.
Wholesalers are feeling the 71% upswing in prices, while grocers are forking over 21% more per pound.
Why the gap? Believe it or not, most retailers don’t want to scare customers away with rising prices. So, if they have to eat some of the cost for you to eat more bacon it just might be worth it.
But, there is one tactic to hedge against this pork squeeze: lock in contract rates with Hog Futures.
Yup, that’s a real thing.
(BroBible.com)
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