Global Bacon Shortage Is Not What You Think It Is

With recent rumors going around about a Bacon shortage people have gotten worried. It was first reported in England that there were going to be a huge Bacon shortage in 2013. Well it turns out that the shortage is not entirely true.

In a recent interview; "Pork supplies will decrease slightly as we go into 2013," Farm Bureau economist John Anderson said. "But the idea that there'll be widespread shortages, that we'll run out of pork, that's really overblown."

There has been a slight drop in pork since last year of around 1%. This number has been a drop since the recent report of pork in 2012 of 67.5 million. The numbers are likely to drop slightly next year, but farmers say we have nothing to worry about. "If we run out today, we'll have more tomorrow," Plain said. "And we're not going to run out, because if we start to get low inventory, the price steps up. Bellies are selling for $1.13 a pound today -- and if we run out, they'll get more expensive. Packers will be happy to charge you $5 a pound if you want to pay it, and they'll make sure we don't run out."

This confirms that prices of pork and bacon in Europe will likely rise next year.