Posted by Dick on February 01, 2017 at 13:20:57 from (71.34.108.3):
In Reply to: Re: Bacon Shortage posted by sourgum on February 01, 2017 at 11:59:51:
Well, if you remember Smithfield Foods, the largest pork producer, was sold to the Chinese back in 2013 for 4.72 billion. When this happened I thought this would make our pork prices go up since the Chinese would be exporting pork to China. Well, it seems it has taken awhile but if our pork belly supply is low, that could be the cause. It seems any time farm products are exported out of the country, our prices go up to us, the consumers. If the demand goes up worldwide, the supply goes down and the price goes up, at least until there is a glut in production. Be it good or bad..
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