About a month ago the business section of the newspaper had an article on how pork belly prices were at an all time low due to a high supply. At the time, Costco was selling pork bellies for $2.29 a pound. Since then, the price at my local Costco has climbed to $2.99. Any idea why the price would be going up?
The article said pork producers knew the drop was coming due to high bacon prices and a high pork supply coupled with low pork prices.
This seems go go against the supply and demand model.
The article said pork producers knew the drop was coming due to high bacon prices and a high pork supply coupled with low pork prices.
This seems go go against the supply and demand model.