*Sometimes I'll use curing salts (see below), but if they're used... they're used EXTREMELY sparingly. Eg. 1 cup of kosher salt to about 1/4 tsp (or less) of the curing salt. NOTE: The main thing that I use "pink" salt for is corned beef... Growing up in the NorthEast, corned beef just doesn't look right to me, unless it's got a pinkish hue.
Before I get into the curing method I use, what chips to use to smoke it (if you desire to smoke it), and what tools to use... I will say that with any charcuterie project you're fiddling with; you'll always want to start with the best ingredients possible. So, make friends with your local butcher, and let them know what you're doing with the pork belly, so that you get the best possible cut for slab bacon. (Also, I use a dry-cure method, but there are wet cure methods that are just as valid. In the end, it's about what it tastes like...)
Ok. The tools:
Base tools:
For smoking:
I could, from here, get into exact amounts and yadda ya... but I'm just going to give you the overall method, and let you play around with amounts a little bit (other than the curing salts which should ALWAYS be used sparingly, if at all).
Step 1 - Aye, that's the rub:
-Rub your belly (the pork belly, unless you want your belly to be sticky too) with the molasses (or honey) very lightly. We're just trying to get to Step 2, which is...
Step 2 - I told you, it's the rub:
-Rub your molasses (or honey) covered belly thoroughly with kosher salt (and if you're using curing salt, mix these together prior to the rub)
Step 3 - Bag it, tag it:
Once the belly is thoroughly coated with sticky, salty goodness... bag it and put it in your refer for about a week.
NOTES:
-Turn the bag once a day, so that the cure is evenly distributed
-Once the belly feels a little tougher (after a week), it's good to move on to Step 4... if not, give it another day or two until the cure holds
Step 4 - Rinse, don't lather, no need to repeat:
Rinse the cure off the bacon completely (otherwise it'll be far too salty for human consumption)
NOTES:
-At this point, it's bacon and can be sliced, fried, baked, wrapped around a seasonal veggie, steak, etc... It's bacon
-If you enjoy the flavor of smoked bacon, proceed to Step 5
Step 5 - Smoke em if you've got em:
a.) For smoking my bellies, I usually cut the slab into sections (to fit inside my rib rack, or whatever utensil will hold them in your smoking device -- for me, it's a Weber grill if I'm only smoking one belly)
b.) After the slab is cut into sections... since I love peppered bacon, I'll rub it again with molasses (or honey) and sprinkle peppercorns all over the top, and let that set for about 30 minutes (while you get the coals going, and the wood is soaking)

c.) Smoke the slabs at 200-220 (and NO hotter) until it reaches an internal temp of 145-150 or so (but no more... you don't want to render the fat off, you just want to add some smokey flavoring to it). Typically, for one belly in my Weber, this process takes about 3-4 hours at the most -- depending on weather.
d.) Remove the bacon from the smoking device, let it rest... move on to Step 6
Step 6 - Aww yeah:
Cook it, eat it, enjoy it... or package it up for your freezer and friends... or your friends' freezers.

Really, it's a simple process, and to do this at home will save you not only money, but will net a far superior product to most of the bacon you can buy in stores. Granted, it doesn't hurt to have friends with deli slicers (as they can run at least $550 on places like Craigslist), but if you get it cold enough, it can be done fairly simply with a sharp chef's knife.
...
Coming soon: Pancetta.


