Yahoo Finance Bacon's big moment: Low prices and soaring demand
Sinking prices from suppliers as well as consumer demand are making this, the age of bacon!
From high-end restaurants to local greasy spoons and big name fast food chains like Wendy’s (WEN) and McDonalds (MCD), eateries are taking advantage of lower pork prices.
A Bloomberg report citing USDA data says the supermarket price of the delicious cut of pork is down 25% in the last year. The wholesale price is even better, down 45% over the same time period.
How has bacon enjoyed such a run with American eaters when headlines espouse a public looking for healthier options?
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Yahoo Finance Senior Columnist Mike Santoli says there is a divide between what people say they want and how they act. “They aspire to eat a certain way,” he notes, “and some people are very strict about eating more healthy and less processed foods. But I think you also have things like Sonic (SONC) and Jack in the Box (JACK) and these fast food chains that are unabashed about giving you indulgent stuff. They’re doing great.”
Also helping bacon succeed is the popularity of the paleo diet. Similar to the Atkins diet rage of a decade ago the latest fad, according to PaleoLeap.com “should be high in fat, moderate in animal protein and low to moderate in carbohydrates.”
Sounds like a recipe for success if you’re a pork producer.
But forget all that, says Yahoo Finance’s Aaron Task. Good for you, bad for you, cheap or expensive Task says, “bacon is good all the time for everybody. Let’s be honest...There’s nothing not to like about bacon.”
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