Driven by increased demand for bacon, a recent report from Bloomberg indicates that the price of pork bellies has been rapidly increasing these past few months of 2015.
Does this mean retail prices are going to increase? You might see an increase in bacon prices at the grocery store, but at Bacon Scouts we do not foresee a change in price. Pork belly prices are right about where they were at this time last year when a virus outbreak killed more than 8 million piglets and supply decreased.
Pork production is actually up this year, but with the increased demand for bacon and the limited amount of bacon that a hog can provide it can drive up the price now that we are in the midst of summer grilling season.
There’s good news though. Bacon demand usually decreases nationwide after the summer ends so we expect to see pork belly prices decreasing. Amazing bacon is always available through Bacon Scouts at the best prices on the internet.