Bacon Lovers Beware, Shortage Is on the Way

by Nate Wooley | September 26, 2012 11:14 am

The Christian Science Monitor[1] reports that Britain’s National Pig Association is warning of a large-scale shortage of bacon and other pork products in 2012, thanks to the rising cost of feed. The NPA[2] said, “A world shortage of pork and bacon next year is now unavoidable.”

The statement continued, “New data shows the European Union pig herd is declining at a significant rate, and this is a trend that is being mirrored around the world. Pig farmers have been plunged into loss by high pig-feed costs, caused by the global failure of maize and soya harvests.”

The feed shortage could increase pork and pork-related product prices across the industry and impact the performance of U.S. producers such as Smithfield Foods (NYSE:SFD[3]) and Tyson Foods (NYSE:TSN[4]). The shortage in the U.S. isn’t as bad as in Europe, though, according to CNBC[5].

Source URL: http://investorplace.com/2012/09/bacon-lovers-beware-shortage-is-on-the-way/
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