Pork Bellies

[qazmax]

I was thinking that with corn so cheap and the price of Lean hogs going up recently that hog raisers would withhold more hogs from slaughter and pork bellies would rise.

I started thinking this around 83.... but they just keep slowly going down.

Anyone have an opinion on the rationale for this stubborn PB trend?

 

[MAESTRO]

Quote from qazmax:

I was thinking that with corn so cheap and the price of Lean hogs going up recently that hog raisers would withhold more hogs from slaughter and pork bellies would rise.

I started thinking this around 83.... but they just keep slowly going down.

Anyone have an opinion on the rationale for this stubborn PB trend?

Health freaks eat less bacon?

 

[SWScapital]

Kind of an interesting divergence here. Any ag traders have any thoughts?

 

[qazmax]

Quote from MAESTRO:

Health freaks eat less bacon?

Very true, but those Atkin diet freaks eat bacon by the pound!

Actually, with fast food companies adding bacon to the menus I think the overall consumption has been up.