Re: Porkapalypse Now: Worldwide bacon shortage predicted.
From the article:
And in the United States? "Skyrocket" is overdoing the price impact.
“The headlines say ‘shortage,’ and that isn’t going to be the case,” says Steve Meyer, a consulting economist for the National Pork Board and the National Pork Producers Council, as well as the president of Paragon Economics in Adel, Iowa. “We aren’t going to see bacon lines. You’ll still be able to get it.”
Still, retail prices will rise next year and are expected to set new records. The US Department of Agriculture (USDA) forecasts a rise of 2.5 to 3.5 percent, after an 8.5 percent rise in 2010 and a 1.0 to 2.0 percent rise this year.
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