Bacon Bubble Suddenly Bursts, BLT Demand In Serious Jeopardy

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
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