Spam: The New Economic Indicator

The New York Times recently reported that Hormel Foods Corporation (HRL) plant that produces Spam has been operating at a furious pace to keep up with the demand for its inexpensive Spam products. Workers at the plant have been told to expect the pace to continue and will only have Thanksgiving Day and Christmas Day off in the coming months.

Through war and recession, Americans have turned to the glistening canned product from Hormel as a way to save money while still putting something that resembles meat on the table. Now, in a sign of the times, it is happening again, and Hormel is cranking out as much Spam as its workers can produce.

When the demand for Spam falls, maybe this will be a sign of better economic times ahead.

Source:

Spam Turns Serious and Hormel Turns Out More
The New York Times
By: Andrew Martin
November 14, 2008
http://www.nytimes.com/2008/11/15/business/15spam.html?_r=1&partner=rss&emc=rss&oref=slogin