“Today’s pig farmers are setting historic records... Yet our reserves are still depleting."
U.S. bacon reserves have hit a 50 year low. The non-profit Ohio Pork Council said that demand for frozen pork belly, often made into bacon, has far outpaced supply, USA Today reports. “Today’s pig farmers are setting historic records by producing more pigs than ever. Yet our reserves are still depleting,” said Rich Deaton, the group’s president.
With low reserve levels, prices have increased; the cost of pork belly rose by 20% in January, according to the council. Officials said that increased foreign demand might also be responsible, however, as hog farmers export around 26% of their total product according to the group.
It’s not yet time to worry, however.
The “industry will not run out of supply,” Deaton said.