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Why you may start leaving the 'B' out of your BLT

At $6.11 per pound, the average price of bacon has hit an all-time high.

By MSN Money Partner Aug 18, 2014 2:42PM

Crispy bacon © bhofack2/Getty Images
By Krystal Steinmetz, Money Talks News 

 

Bringing home the bacon just got more expensive. Money Talks News


The average price of a pound of bacon in the U.S. increased by 6 cents in June, pushing it to an all-time high of $6.11 per pound, according to the Bureau of Labor Statistics.


That's a 41 percent increase since June 2012.


"For what you'd spend for a pound of bacon today, you could buy a whole 4-pound chicken, a six-pack of PBR, 10 pounds of bananas, 36 eggs, or a paperback copy of the fourth installment of George R.R. Martin's A Song of Ice and Fire series, 'A Feast for Crows,'" The Huffington Post said.


Bacon prices are getting heftier for a couple of reasons. The nasty (and deadly) porcine epidemic diarrhea virus has killed 8 million young pigs, or about 10 percent of the entire U.S. herd, The Des Moines Register reported.


Another Register story said last month:

"The impact on the consumer is we can't get enough pork produced and brought to market to meet the demand, and that's pushing up the price," said Matthew Diersen, a South Dakota State University agricultural economist. "The consumer either pays the higher price or goes to a substitute."

Bacon is the latest breakfast staple beset by high prices. Coffee prices have climbed 58 percent in the last 12 months because of drought in Brazil, CNN Money reported, and just last week Keurig Green Mountain said it's increasing the price of K-Cup packets by 9 percent.


Meanwhile, a disease called citrus greening has caused the price of orange juice to spike. Business Insider reported last month:

Florida's citrus crop this year is the lowest it's been in 30 years, and agricultural authorities have continued to lower their production estimates. Orange juice prices are up nearly 20 percent this year alone and will continue to rise.

Breakfast is certainly getting expensive.


Milk and cereal, anyone? I bet all this talk about bacon has you hungry.


Are you a bacon lover? Will you continue to buy bacon at its high price?


More from Money Talks News

25Comments
Aug 18, 2014 3:47PM
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Think it's time to head south an go wild boar hunting.
Aug 18, 2014 4:37PM
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Why not try it with Beaver? It will still be a BLT.
Aug 18, 2014 3:53PM
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You shouldn't eat bacon anyway.

Sincerely,
Michele Obama
Aug 18, 2014 5:27PM
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Why dont they just do like everyone else,
raise the price a little and make the product smaller.  
SHHHH  (they think we dont notice )
Aug 19, 2014 9:00AM
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At four slices to the sandwich, it's not that big an item. 
Aug 19, 2014 1:19AM
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Funny how they are saying the price of Orange juice is going up when last week I read an article about how they couldn't give it away because people are choosing healthier alternatives.
Somebody has their lines crossed. Good thing I don't eat breakfast.
Aug 19, 2014 4:18PM
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With MSN having reported over the last year about our 'recovery', I wouldn't even trust them with my bacon anymore. POOH POOH on this 'news' site.
Aug 18, 2014 4:53PM
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But the CPI doesn't reflect these "volatile" food prices, so inflation reporting is artificially low.   I guess corn is cheap(er) this year, so buy corn and raise your own bacon.
Aug 18, 2014 4:26PM
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I probably spent $250.00 a year for bacon. I quit 6 mos. ago.
Aug 18, 2014 6:42PM
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I switched to organic, nitrate-free turkey bacon a few years ago, so it doesn't bother me. But I would love to send a honey baked ham or pork loins to ISIS and Hamas. :-))
Aug 18, 2014 10:27PM
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I love a good BLT, but what I notice is that not only is it more expensive, even the thick cut or brand names have HIGH fat content, where over half is just fat.  Didn't used to be like that.  CHEATING, bacon companies???  I think so.
Aug 18, 2014 5:14PM
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I blame obama, right? cause of bengazi
Aug 18, 2014 5:25PM
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Just think of the greasy fat, nitrates and calories you can save by avoiding bacon. So they can raise the price to the moon. I'm sure not eating it anymore. 
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