U.S. pig farmers are running wild and now have a record number of hogs, according to a quarterly report from the USDA released on Thursday. Total inventories stand at 73.5 million animals, up 2% from last year, which knocked prices to the lowest level of the year, trading below 55 cents per pound this week.
For consumers, this abundance of pork should lead to lower prices at the store as well, giving savvy shoppers a chance to buy up cheap chops, hams, and bacon.