Bacon lovers might be in for a sizzling surprise as pork supplies in cold storage tumble to an 11-year low as prices rise due to declining hog herds.
The latest United States Department of Agriculture (USDA) pork data in cold storage as of Dec. 1 was approximately 399 million pounds, a drop of 4.1% from a year ago and now at the lowest point since 2010.
“The drop came before the spreading omicron virus variant prompted slaughterhouses to slow down in recent weeks as more workers called in sick, further limiting meat production and likely keeping prices for the meat high,” Bloomberg explains.
Slumping cold storage has sent USDA bacon prices per pound (as of late December) to around $7.21, a record high and up 39% since the beginning of the virus pandemic.
More importantly, what this means is breakfast is becoming a lot more expensive for Americans as some of the highest inflation in four decades has wiped out their real wage gains.
Food prices are at the highest in a decade, from coffee to oranges to wheat, among other popular breakfast items. Americans are very concerned about inflation. High inflation has spurred discontent for the president, reflected in record low polling numbers ahead of the midterms.
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How much pork was shipped to China?
I know nothing about anything. When I went to the grocery store yesterday, I had never seen so many “reduced for quick sale” stickers on so many items. Meats that were previously $10 ish prior to this clusterfuck were reduced to $14 from a price of $20. Eggs that were marked up at $6 were reduced to $3.49. A worker on her break marvelled that the quick meal she was about to purchase was such a deal at $4.49, when the OG price was $8. Insane.
I bought a couple things with the sticker and the cashier grumbled because the register had a hard time scanning.
What will happen to all that food? From people I know in the grocery business, they will take a loss. More importantly, will that food really go to waste if not sold?
Fuck Joe Biden. Enough with the Brandon shit.
you wouldn’t believe what gets thrown away. But frankly, (other that the environmental impact /s) it’s probably the best thing that can happen to a lot of it.
(USDA) pork data
Leave it up to the government to make bacon sound unappealing.
It’s a result of defunding the police.
C’mon man, IT’S WHITE SUPREMACY!
but, but, but, All them feral hogs they’re trapping, culling, and shooting to save the crops…
Where do all those little piggies go?
Or did I miss the memo that feral hogs are about as appetizing as wild turkeys?
Farmer?
Anybody?