ESC

WE’RE RUNNING OUT OF BACON!

Back in high school, I learned a little bit about something called “supply and demand.” Here’s what I remember: you always want to have enough supply to meet the demand. If your supply doesn’t meet the demand, you anger customers and are forced to raise prices. If you have too much supply, you lose money.

You can now skip economics in high school, you’re welcome kids.

This is all relevant information because it appears that the bacon supply is not meeting demand.

According to 9 News in Ohio:

The Ohio Pork Council, a Columbus-based non-profit, reported Tuesday that demand for frozen pork belly, frequently made into bacon, is outpacing supply.

In December 2016, frozen pork belly inventory totaled 17.8 million pounds, the lowest level since 1957, according to the U.S. Department of Agriculture.

As a result, prices are on the rise. The council reports pork belly prices have increased 20 percent in January. Officials said increased foreign demand might account for the decline in inventory. Hog farmers export approximately 26 percent of total productions, the council said.

WHAT ARE YOU DOING STILL READING THIS GO OUT THERE AND GET SOME BACON BEFORE YOUR NEIGHBOR SNATCHES IT ALL UP!

[Image: Flickr/fourbyfourblazer]

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