Bacon Shortage Means Higher Prices
There are so many of the common staple foods we enjoy in this country that are in the ever-growing food shortage. This week, it’s bacon that is starting to become a problem.
The hog herds in the US have been dropping, the cause is much higher feed prices that results in smaller herds as farmers cannot afford to buy the feed.
““The drop came before the spreading omicron virus variant prompted slaughterhouses to slow down in recent weeks as more workers called in sick, further limiting meat production and likely keeping prices for the meat high,” Bloomberg explains.
Slumping cold storage has sent USDA bacon prices per pound (as of late December) to around $7.21, a record high and up 39% since the beginning of the virus pandemic. ”
Bacon in cold storage as of December 1, 2020, is 399 million pounds, which sounds like a huge amount but it is 4.1 % smaller than the same period a year before and the lowest level since 2010.
Since the plandemic began, bacon stocks have been heading lower because so many workers were out due to the national “national problem” that has caused so many workers to be out.
Prices for bacon are way up with an average of $7.21 per pound. My solution has been a second freezer and buying a year’s work of bacon. Hopefully, I’ll have some of my own hogs in the future.