Homer Simpson isn’t going to be happy. Pork, one of his favorite pastimes, is going to be in short supply next year.
The pork problem started with the drought this summer that ruined crops worldwide. Feed for livestock, like corn, wheat and soybeans, was scarce and what there was, was expensive. So farmers did what they had to, they made their herds smaller so there wouldn’t be as many mouths to feed.
Pork industry watchers say “a world shortage of pork and bacon next year is now unavoidable" and consumers can expect and available pork to be pricey. Food companies including Hormel (HRL), Tyson Foods (TSN), Smithfield Foods (SFD), and Hillshire Brands (HSH) could feel the pork pinch.
Homer better stick with the doughnuts for now.
Peace Love Profits,