American are eating so much bacon these days that reserves have hit a 50 year low.
The non-profit Ohio Pork Council reports the demand for frozen pork belly, which is often made into bacon, is outpacing supply. With low-level reserves, prices have increased.
The council reports the price of pork belly increased by 20 percent in January. Bacon lovers need not worry yet though. While bacon may cost a bit more, the pork industry is not expected to run out of supply.
According to the U.S. Department of Agriculture, in December 2016, frozen pork belly inventory totaled 17.8 million pounds. That’s the lowest level since 1957.