Holy
Disaster - US bacon reserves hit 50-year low. Prices continue to
go up in a sizzle. The average price of bacon across America has
risen 14 percent since June of last year, according to the
Bureau of Labor Statistics.
Analysts are reporting
an 18% increase in the wholesale price of pork, with the surge
expected to have a continued rise on the price of bacon and
sausages.
Pig farmers can't keep
up with the world's sizzling appetite for those fatty, juicy,
smoky strips of sheer eating pleasure. US Department of
Agriculture, “Today’s pig farmers are setting historic records
by producing more pigs than ever,” said Rich Deaton, president
of the organization. “Yet our reserves are still depleting.”
Hog farmers export
approximately 26 percent of total production, the Bacon Council
said. China still produces almost four times the amount of pork
as the US, so the US may need to reduce exporting in order to
satisfy local demand or risk rising imports. Bottom line,
eat more bacon now before the next increase.
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