The future of U.S. bacon supplies isn’t clear enough for consumers to panic about a potential shortage in 2020, according to a Texas A&M AgriLife Extension Service economist. “There are contradictory production and economic factors at play in the market, and I think it will take some time to play out.”. The US Department of Agriculture reported pork bellies in cold storage were up 34% from last year, reaching 40.7 million pounds compared to 30.4 million pounds in 2018. Amid popular reports of a possible bacon shortage, many consumers wonder what the future holds for their favorite cut of pork. “The long-term expectation is for big exports to China, but that is relative to the record amounts of pork we are producing today and have in storage,” he says. Anderson said cold storage holdings could indicate bacon-producing companies and restaurants are building supplies in case there is a shortage and prices begin to rise. “We’re producing more and more hogs here at home, and pork bellies are only one cut, but we have to remember America’s appetite for bacon,” Anderson said. Understanding foodborne pathogen pathways will lead to greater food safety. A Texas A&M researcher works to provide solutions for the challenges often faced by the children of members of the military. By Adam Russell. The future of U.S. bacon supplies isn’t clear enough for consumers to panic about a potential shortage in 2020, according to a Texas A&M AgriLife Extension Service economist. A perfect demonstration of that came when a shortage of Amy's Roasted Vegetables Pizza sent loyal customers into a tizzy. The board’s report also indicates bacon’s increased demand over the last few decades is due to its growing appeal beyond breakfast. The company had been struggling to keep up with competition across 56 grocery categories they're currently in, especially as consumer preferences shift away from processed foods. For example, the company currently isn't producing it's low-sodium product Lightly Salted Lay's potato chips. Don't forget to sign up for our newsletter to get the latest grocery news delivered straight to your inbox. ... A perfect demonstration of that came when a shortage of Amy's Roasted Vegetables Pizza sent loyal customers into a tizzy. Exports have steadily increased as China culled around half its swine herd and continues to struggle with controlling the African swine flu. The COVID-19 pandemic could affect consumer trends this year, according to a Texas A&M AgriLife Extension economist. Here are the 14 Best Healthy Canned Soups and Soup Products (& The Worst). After nearly a 100 years of Eskimo Pie, Dreyer's Ice Cream announced they would be changing the name of the ice cream product, in order to shift away from the outdated derogatory term describing the native people of the Arctic. The organic food company Amy's Kitchen has been a lifeline for many of us during the quarantine. Show full articles without "Continue Reading" button for {0} hours. Preserving and salt-curing pork dates back to 1500 BCE in China. Futurity is your source of research news from leading universities. “I’m just not convinced yet that these reports aren’t sensationalizing the situation a bit at this point,” he said. Anderson says cold storage holdings could indicate bacon-producing companies and restaurants are building supplies in case there is a shortage and prices begin to rise. “The long-term expectation is for big exports to China, but that is relative to the record amounts of pork we are producing today and have in storage,” he said. Kraft Heinz is another company whose portfolio of products is getting a pruning this year. Smucker Co., which owns Jif, has pivoted away from novelty peanut-based snacks this year in order to focus on their main money-makers like peanut butter. The average American consumes almost 18 pounds of bacon each year. J.M. Turkey Supplies Down, Prices Up Amid Holiday Uncertainty, The Pandemic Erased Two Decades Of Food Security Gains, Texas A&M AgriLife Study Targets Contamination Hotspots In Food Processing, Researchers Redesigning Mechanical Heart Valves, Silent Sacrifice: Military-Connected Kids. “Pork prices are extremely cheap here and are competitively priced in China, even with the current tariff.”. The future of U.S. bacon supplies isn’t clear enough for consumers to panic about a potential shortage in 2020, according to a Texas A&M AgriLife Extension Service economist.. David Anderson, Ph.D., AgriLife Extension economist, College Station, quoted … Check out this list of 100 Unhealthiest Grocery Foods in America. Anderson says Chinese demand for US pork is a new factor that will weigh heavily on the market for the foreseeable future. David Anderson, Ph.D., AgriLife Extension economist, College Station, quoted … That accounts for almost half of their soup offerings, and according to CEO Jeffrey Harmening, many of the discontinued flavors won't be coming back. Uncle Ben's products are getting a new name and branding, too. The decision comes as part of a larger shift among consumer brands who are scrubbing their image clean of racially insensitive branding. The average American consumes almost 18 pounds of bacon each year. “Bacon is on everything these days.”. While we still don't know exactly which products are going away, judging by the dwindling sales of Miracle Whip, Oscar Mayer lunch meat, Jell-O, Cool Whip, and Velveeta lines reported at the start of this year, it wouldn't be surprising if they were the first ones on the chopping block. But according to Anderson and a recent US Department of Agriculture report, US production and cold storage supplies are setting decades-long records. We're yet to find out what the new name will be. Like us on Facebook to see similar stories, How to avoid being the Grinch who stole Thanksgiving (Opinion), 'Grey's Anatomy' powered his ambitions. But he also noted that large belly stocks are related to record hog and pork production. Bacon is served in seven out of 10 US restaurants. Anderson said Chinese demand for U.S. pork is a new factor that will weigh heavily on the market for the foreseeable future. While the snack giant is expected to bring some of the shelved items back, CEO Steven Williams said he expects about 3% to 5% of their products to be discontinued for good due to the pandemic. David Anderson, an economist with AgriLife Extension at the Texas A&M University, quoted Taylor Swift in saying we “need to calm down” when talking about numerous reports regarding a bacon shortage in 2020 that could be based more on expectations than current reality. Exports to China have increased significantly since an outbreak of African swine flu led to large-scale culling of China’s swine herd. Expectations of a shortage and subsequent price speculation, rising exports to China, the ongoing trade dispute, how African swine flu continues to affect China’s swine herd, US production, and stockpile levels add to the commodity’s uncertain future and, ultimately, market volatility. "We recognize that now is the right time to evolve the Uncle Ben's brand, including its visual brand identity, which we will do," a company spokesperson told the New York Times.
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