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RE: Leave my !&$*@*# breakfast alone!
April 8, 2020 at 10:27 am
(April 8, 2020 at 10:20 am)BrianSoddingBoru4 Wrote: (April 8, 2020 at 9:27 am)popeyespappy Wrote: Pork bellies are selling for the lowest price in more than 20 years. Bacon ought to be cheap right now, but retail prices are up instead of down.
Bacon would be cheap, but China, because of swine fever, is buying massive amounts of pork. Since they’re buying so much, it’s both driving the price of bellies down, but creating a strained market in the rest of the world, which is driving the price of the finished product upwards.
Boru
I'm not disputing what your are saying, but why would China buying a massive amount of pork driving the price of bellies down? Assuming a constant supply, and I have no reason to think it isn't, higher demand should result in higher prices.
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RE: Leave my !&$*@*# breakfast alone!
April 8, 2020 at 11:26 am
(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
Well shit... Don't tell Trump. He'll accuse the Chinise of pig rustling..
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RE: Leave my !&$*@*# breakfast alone!
April 8, 2020 at 11:31 am
(This post was last modified: April 8, 2020 at 11:33 am by The Grand Nudger.)
(April 8, 2020 at 10:27 am)popeyespappy Wrote: I'm not disputing what your are saying, but why would China buying a massive amount of pork driving the price of bellies down? Assuming a constant supply, and I have no reason to think it isn't, higher demand should result in higher prices.
There is no explicitly rational connection between an agricultural commodity's production and it's market value. We have systems in place worldwide that would intentionally break them, if they ever developed.
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RE: Leave my !&$*@*# breakfast alone!
April 8, 2020 at 12:36 pm
(April 8, 2020 at 10:27 am)popeyespappy Wrote: (April 8, 2020 at 10:20 am)BrianSoddingBoru4 Wrote: 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.
Volume pricing. If China is willing to pay less, but buy your entire supply, it pretty quickly establishes a new market price.
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RE: Leave my !&$*@*# breakfast alone!
April 8, 2020 at 12:37 pm
(This post was last modified: April 8, 2020 at 12:42 pm by The Grand Nudger.)
As an explicit reference. A single acre of ground under indeterminate tomatoes in the state of kentucky produce, on average, 95k USD worth of product....and yet, that same acre of that same cropland in kentucky actually yields an economic return of less than 3K USD.
We don't want the price of these commodities to mirror their rational value. We'll do very nearly anything, and agree to very nearly any deal, which rejects their un-adjusted value.
-with regards to china and pigs..Anom (iirc) explained this a few months back in a post. Imagine a president who had to explain why there were no turkeys for thanksgiving. Xi Xinping would be in this predicament if they failed to procure pork. Therefore..........pork is a loss leader for government - in china.
I am the Infantry. I am my country’s strength in war, her deterrent in peace. I am the heart of the fight… wherever, whenever. I carry America’s faith and honor against her enemies. I am the Queen of Battle. I am what my country expects me to be, the best trained Soldier in the world. In the race for victory, I am swift, determined, and courageous, armed with a fierce will to win. Never will I fail my country’s trust. Always I fight on…through the foe, to the objective, to triumph overall. If necessary, I will fight to my death. By my steadfast courage, I have won more than 200 years of freedom. I yield not to weakness, to hunger, to cowardice, to fatigue, to superior odds, For I am mentally tough, physically strong, and morally straight. I forsake not, my country, my mission, my comrades, my sacred duty. I am relentless. I am always there, now and forever. I AM THE INFANTRY! FOLLOW ME!
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RE: Leave my !&$*@*# breakfast alone!
April 8, 2020 at 1:12 pm
(April 8, 2020 at 12:37 pm)The Grand Nudger Wrote: As an explicit reference. A single acre of ground under indeterminate tomatoes in the state of kentucky produce, on average, 95k USD worth of product....and yet, that same acre of that same cropland in kentucky actually yields an economic return of less than 3K USD.
We don't want the price of these commodities to mirror their rational value. We'll do very nearly anything, and agree to very nearly any deal, which rejects their un-adjusted value.
-with regards to china and pigs..Anom (iirc) explained this a few months back in a post. Imagine a president who had to explain why there were no turkeys for thanksgiving. Xi Xinping would be in this predicament if they failed to procure pork. Therefore..........pork is a loss leader for government - in china.
Exactly. Xi is more than happy to lose money buying pork if doing so prevents food riots. Or failing that, millions of dead Chinese.
Boru
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RE: Leave my !&$*@*# breakfast alone!
April 9, 2020 at 6:20 am
Single serve packs of bacon have always been single serve and they look the same size as ever to me.
I prefer to buy the huge packs of smoky bacon, though.
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RE: Leave my !&$*@*# breakfast alone!
April 9, 2020 at 6:26 am
Are we talking about single slices of bacon packaged individually? Never seen that.
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RE: Leave my !&$*@*# breakfast alone!
April 9, 2020 at 9:45 am
I've no idea what a single serve pack of bacon is, and neither does Google.
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RE: Leave my !&$*@*# breakfast alone!
April 9, 2020 at 9:50 am
(April 9, 2020 at 9:45 am)Succubus#2 Wrote: I've no idea what a single serve pack of bacon is, and neither does Google.
That's because noone has ever been to exceed the amount served to a hungry bacon lover....
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