If you're looking forward to a BLT sandwich this summer, you might want to stick a few packages of bacon in your freezer now.
The price of that much-joked-about financial instrument, the pork bellies from where bacon comes, rose the maximum limit of 30 cents per pound to $1.23 on the Chicago futures market Friday.
That price is about 50 percent higher than last year at this time.
Pork bellies were a subject at the tony Barclays Investment Conference in Orlando, Fla., on Friday, where Smithfield Foods Vice President Robert Manly told a crowd of high-end money managers: "Until last year, we'd never seen pork belly prices above $1. Now we're well above that."
To read the rest of the story, please go to: Des Moines Register
