Don't sizzle, bacon lovers.

You'll find plenty of the meat on supermarket shelves in the coming months - just be ready to shell out for it.

The economics of the current drought are likely to nose up prices for bacon and other pork products next year, as much as 10%.

But U.S. agricultural economists are dismissing reports of a global bacon shortage that dominated headlines and Twitter feeds last week.

It was spurred by a European trade group's report that said a bacon shortage was "unavoidable" and cited a sharp decline in the continent's pig herd and drought-inflated feed costs.

The alarm was quickly extinguished by the American Farm Bureau Federation as "baloney."