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- Jun 27, 2011
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CBS Local — There’s no easy way to say this, but, we might have a bacon problem.
According to the Ohio Pork Council, demand for bacon is consistently superior to supply.
“Today’s pig farmers are setting historic records by producing more pigs than ever,” said Rich Deaton, Ohio Pork Council president. “Yet our reserves are still depleting.”
The problem is the frozen pork belly reserve, which is typically what bacon is derived from.
In December, the inventory was at 17.8 million pounds. That sounds like a lot, but it’s the lowest it’s been since 1957, according to the U.S. Department of Agriculture.
It doesn’t take a business degree to deduct that when demand outweighs supply, prices surge. Those prices increased 20 percent in January.
To end this news on a good note: Bacon isn’t going to gone from our lives.
“While bacon may become more expensive for consumers, rest assured pork industry will not run out of supply,” Deaton said.
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No word yet on whether this is connected to the recent Women's March
According to the Ohio Pork Council, demand for bacon is consistently superior to supply.
“Today’s pig farmers are setting historic records by producing more pigs than ever,” said Rich Deaton, Ohio Pork Council president. “Yet our reserves are still depleting.”
The problem is the frozen pork belly reserve, which is typically what bacon is derived from.
In December, the inventory was at 17.8 million pounds. That sounds like a lot, but it’s the lowest it’s been since 1957, according to the U.S. Department of Agriculture.
It doesn’t take a business degree to deduct that when demand outweighs supply, prices surge. Those prices increased 20 percent in January.
To end this news on a good note: Bacon isn’t going to gone from our lives.
“While bacon may become more expensive for consumers, rest assured pork industry will not run out of supply,” Deaton said.
--------------------------------------------------------------
No word yet on whether this is connected to the recent Women's March
