
Bacon Bubble Suddenly Bursts, BLT Demand In Serious Jeopardy
Hogs have entered a bit of a rough patch.
Hog futures for April settlement fell 2.1% on the CME yesterday, the fourth drop in five sessions.
Meanwhile, wholesale pork prices dropped 1.1% on Tuesday to 84.54c/lb.
But that was nothing.
On Wednesday, the bottom (or maybe "the belly" is more appropriate) really fell out. Yesterday, wholesale pork fell 5.1%, the steepest decline in something like 39 months, while pork bellies collapsed 14%.
David Maloni, president of American Restaura