Obama's next crisis - how will the White House handle increasing bacon prices?
August 2, 2010 Prices for fresh pork bellies, from which bacon is made, are at an all-time high of $1.35 a pound, 53% higher than they were a year ago. Bacon demand tends to peak during the summer, when supermarkets heavily promote the meat productsliced from the fatty part of a pigs abdomento coincide with a seasonal bump in Americans consumption of BLTs: bacon, lettuce and tomato sandwiches.
I predict it will come down. Every farmer I know is raising pigs because the price is so high. There will be a glut of pork bellies, soon.
Now that our tomato season is over, I am not buying bacon until the price is back to reasonable. I have over 3 pounds in the freezer and a pound in the fridge, so we will just eat it more sparingly for a few months.