July 4, 2011
Will bacon prices rise this summer? Some analysts think so. Rich Nelson, the dirctor of research at Allendale, projects that bacon could soon cost $6 per pound.
The reason behind the projected rise in bacon prices is the corresponding rise in price of pork bellies in recent weeks. Pork bellies cost over $130 per 100 pounds now, and that price may climb up past $150, where it was last August.
If bacon prices do rise, will you cut back on your consumption, or is your bacon addiction one you can't quit?
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