Bringing home the bacon will cost more. Blame African swine fever.
The deadly pig disease is wiping out hundreds of millions of hogs, mostly in China, driving a global surge in pork and bacon prices from Auckland to Vancouver. In Europe, swine carcasses have soared 31% and piglets 56% in the past year. Pig-meat is poised for the steepest jump since mad cow disease and bird flu outbreaks in 2004 led consumers to eat more pork, according to an index compiled by the Food and Agriculture Organization of the United Nations in Rome.