Is bacon shortage hogwash? (audio)

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Even though headlines for the past couple of days screamed, “Bacon shortage!” and social media blew up with jokes about the impending “porkocalypse,” it’s all a lot of oinking over nothing. The summer drought, and rising corn prices have hurt hog farmers. Soy, a component of hog meal, is also costing more, driven by ravenous demand by China. But all that will only lead to bacon being temporarily more expensive, not an outright “shortage.”

Economist Bill Lapp of Advanced Economic Solutions in Omaha cleared up the misconceptions with KFWB’s Maggie McKay and Michael Shappee:

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