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The pandemic is still tough, and if there's ONE THING that Americans can't handle losing at this point . . . it's bacon, obviously. So this is tough news to break.
If you haven't noticed, bacon is more expensive than it has been in the past 40 years . . . even accounting for inflation.
Supply chain issues are squeezing the pork market. Pork chops cost about 7% more than 12 months ago. And the average price for a slab of bacon has jumped nearly 28% over the past year.
Demand is soaring, but due to several factors, including the disruption to the supply chain, pork production is expected to close out the year 2% lower than last year.
And the prices aren't expected to come down any time soon. One expert says we could get some relief by NEXT summer.
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