Because the uneaten pork is being stockpiled as the summary states instead of excess quantity being released to stores. If they weren't able to put it into storage, then it would have to go on the market and the prices would have to come down in order to get it to sell through fast enough.
The reason the prices haven't dropped is that all of the people want to sell these pork bellies want to do so at existing (or higher) prices. If there's no opportunity to export it (e.g., more trade spats with China) th
If there is such an over-supply, and demand is not rising to meet it, why is the price of bacon in my local store not dropping?
The reason the prices haven't dropped is that all of the people want to sell these pork bellies want to do so at existing (or higher) prices. If there's no opportunity to export it (e.g., more trade spats with China) th
Hog producers started building up their herds in anticipation of more demand for meat imports from China, ...
Too much winning.
Dude - we're talking bacon here.