Might want to get your fill of ham this year, because "a world shortage of pork and bacon next year is now unavoidable," according to an industry trade group.
Blame the drought conditions that blazed through the corn and soybean crop this year. Less feed led to herds declining across the European Union “at a significant rate,” according to the National Pig Assn. in Britain.
And the trend “is being mirrored around the world,” according to a release (hat tip to the Financial Times).
In the second half of next year, the number of slaughtered pigs could fall 10%, doubling the price of European pork, according to the release.
The trade group urged supermarkets to pay pig farmers a fair price for the meat to help cover the drought-related losses.