Something is Wrong with the Matrix: Bacon Prices Have Been Plunging

Maybe all of the hipster refugee lovers are doing away with pork, in solidarity with their new Muslim brothers and sisters? I hope they’re being good little hipsters and wearing their hijabs as they declare Trump a fascist.

Pork belly prices have been plunging, due to a god damned bubble in bacon that has been brewing for years. Ever notice the exorbitant price of a BLT sandwich (I love diners)?

Source: Bloomberg

Wholesale prices for pork bellies, the cut used for making bacon, plunged 14 percent on Wednesday, the biggest slump since August. The drop sent wholesale pork down the most in more than three years. Costs are tumbling as demand is easing for bacon after soaring this winter, a counter-seasonal move.

Normally, bacon demand heats up in summer, when Americans eat more BLT — bacon, lettuce and tomato — sandwiches. This year, consumers devoured the meat year-round as retailers pushed the product with deals and restaurants upped their use of rashers, adding it to everything from burgers to salads. At the same, McDonald’s Corp. made it a mainstay with its rollout of all-day breakfast. The increased demand more than doubled prices since August. It’s finally gotten so expensive that the high costs are stemming the tide of bacon indulgence, according to David Maloni, president at the American Restaurant Association.
“We’re in bust mode,” Maloni said by phone. “Anytime we get prices up at these levels, wholesale demand backs off, and that’s exactly what we’re seeing.”

One under the radar pork play is $SEB. Look at the chart on this thing.

Ultimately, pork prices will trade to zero, as the Muslim hordes reproduce and convert all of Europe into the caliphate. This could be one of the best shorts of all time, a bet on the savage rising up and imposing his barbarous theocracy on the world, doing away with bacon — thereby saving the glorious pig from feverish consumption.