Coming soon: Pork and bacon shortage

A British pork industry group is predicting serious shortages next year that are now "unavoidable." Fox News: A world shortage of pork and bacon next year is "now unavoidable," a British industry group said in a press release. Britain's National Pig Association (NPA) says that pig herds in Europe are shrinking. As if that isn't bad enough, this trend is "being mirrored around the world," the group says in the release. Drought conditions, especially in the U.S. and Russia, have taken a toll on the price of the grain crops used for animal feed, and world food prices are expected to reach record highs in 2013. The number of slaughtered pigs could drop by as much as 10 percent in the second half of next year, the NPA says. This would double the price of European pork and pork products. The NPA is advising supermarkets to pay Britain's pig farmers a fair price to counter the high price of feed or "risk empty spaces on their shelves next year," said NPA chairman Richard...(Read Full Post)