The Cost of Bacon Is Up!

Demand is so high for bacon that farmers can’t raise pigs fast enough to meet it. That has sent the price of pork bellies soaring upward, more than doubling since April. Companies like Hormel haven’t been able to pass along those costs to retailers and consumers fast enough.
“These are unprecedented changes in the hog industry,” Jim Snee, Hormel’s chief executive, told investment analysts. “We’re watching them closely.”