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Bacon lovers brace yourself

If you are a bacon lover prepare yourself, a worldwide shortage is looming.

Drought conditions in the U.S. and Russia have caused soaring prices in the grain used to feed pigs. 

As a result, Britain's National Pig Association (NPA) says pig heards in Europe and around the world are shrinking because farmers can't afford to feed them.

Just how bad is it?  The number of slaughtered pigs could drop by as much as 10 percent in the second half of next year and potentially double the price.

In the U.S. pork belly futures are up 50 cents in a month.