This is pretty crazy. Due to the recent droughts which have made the cost of feed astronomical, there has been a decline in pig population. As a result, Britain's National Pig Association stated that "an international shortage of bacon and other pork products is now 'unavoidable,' and expects higher prices for consumers soon."

The Canadian Pork Council confirms that the size of North America's pig herd is shrinking, which will drive up prices as farmers start to limit supply.

"It's because of the rise in the price of corn," the agency's public relations manager, Gary Stordy, told CBC News. "Producers are losing money right now and like any other business, when you're not making money, you shut down."