Bacon prices expected to soon hit $6/pound

Retail bacon prices were $4.77 per pound in May and are expected to hit $6 per pound soon. In a somewhat tongue-in-cheek article, CNBC reports in “The Crisis We Should Be Panicking About: Bacon Prices“:

“The bacon community is outraged…I think they’ll make cutbacks other places — stop buying other things so they can afford bacon..Get some good tomatoes and lettuce and forget the other stuff…”

Bacon prices have increased because “…hog farmers have pared their herds due to high feed costs after corn prices hit a record near $8 a bushel last month.”

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