- Pork prices could end up being as much as 7.5% above 2020 levels.
- And as USDA doesn’t see a slowdown in rising protein prices in 2021, Lusk says the new record in bacon prices may not be etched in history yet.
- “It’s possible it can continue.
Subsequently, When did bacon get so expensive? Perhaps the biggest culprit in the skyrocketing price of bacon is the pandemic. When restaurants and commercial eateries like school cafeterias shut down in early 2020, it threw supply chains out of whack. Companies that produced meat for commercial use suddenly had no one to which to sell their products.
How much does a pack of bacon cost? As of 2021, a pound of sliced bacon retailed for around 7.21 U.S. dollars.
Yet, Why is pork so expensive now? Pork, much like everything else these days, has gotten more expensive due in part to the supply chain issues and inflationary pressures spurred by the pandemic. And now comes another wildcard: The pork industry’s ability — and desire — to adapt to a new animal welfare law in California, its largest US market.
Is there a bacon shortage? You may have been hearing hysteria for much of 2021 over a so-called looming bacon shortage. And indeed, bacon prices have gone up this year, though it’s unclear whether that’s because of general inflation, supply chain issues, or just agricultural conglomerates crying like Chicken Little to justify price increases.
Will pork prices go down?
The National Pork Producers Council has petitioned the U.S. Supreme Court to overturn Prop 12, but right now the bill will go into effect January 1st, 2022. When it does, we could see pork prices skyrocket in California and beyond.
How much did bacon cost in 1970?
In 1970, a pound of bacon cost 95 cents, a dozen eggs cost 60 cents, bread was priced at 24 cents, 10 pounds of potatoes was 90 cents, coffee was 91 cents and a gallon of orange juice cost 86 cents.
