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Record U.S. Bacon Prices Poised to Drop on Fat Pigs: Commodities

U.S. bacon prices are poised to retreat from an all-time high as the fad that put the meat into everything from muffins to milkshakes wanes and pork supply rebounds after last year’s historic drought.

Retail bacon jumped 23 percent to $5.708 a pound this year, the highest since at least 1980, government data show. Pork bellies, cured and sliced to make bacon, account for a record share of the value of a hog as demand growth outpaced other cuts, according to the National Pork Board. Production shrank this year after last season’s drought, the worst since the 1930s, increased costs for corn, the main feed grain.