Wholesale prices on pork bellies went through the roof in early August and the business pages of serious newspapers started paying attention.
According to Bloomberg News, Americans consume more than 1.7 billion pounds annually at restaurants. They rank in 10th place in the world and eat an average of 60 pounds annually. The world’s largest consumers of bacon are in Hong Kong, where each person is on track to eat 151 pounds this year. North American prices usually climb in August, when homegrown tomatoes ripen. According to the experts Bloomberg quotes, the price of bacon is no object.