(April 8, 2020 at 10:20 am)BrianSoddingBoru4 Wrote:(April 8, 2020 at 9:27 am)popeyespappy Wrote: Pork bellies are selling for the lowest price in more than 20 years. Bacon ought to be cheap right now, but retail prices are up instead of down.
Bacon would be cheap, but China, because of swine fever, is buying massive amounts of pork. Since they’re buying so much, it’s both driving the price of bellies down, but creating a strained market in the rest of the world, which is driving the price of the finished product upwards.
Boru
I'm not disputing what your are saying, but why would China buying a massive amount of pork driving the price of bellies down? Assuming a constant supply, and I have no reason to think it isn't, higher demand should result in higher prices.
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