Following a natural gas crunch hurting European countries , pig farmers have sounded the alarm that CO2 supplies are low hence could slow down pig slaughter. I expect this to push the price of pork around Europe and around the world higher.
Should a flag break out occur, there's a huge gap (20%+) waiting to be filled.
Should a flag break out occur, there's a huge gap (20%+) waiting to be filled.
Comment:
#foodinflation >>
U.S. #Hog Herd Shrinks
The American hog herd was 3.9% lower than a year ago as of Sept. 1
December hogs jumped as much as 6% Monday. t.co/y6WNd1zwJO t.co/fEF61s5YSo
U.S. #Hog Herd Shrinks
The American hog herd was 3.9% lower than a year ago as of Sept. 1
December hogs jumped as much as 6% Monday. t.co/y6WNd1zwJO t.co/fEF61s5YSo
These two paragraphs really caught my attention:
-The spike has forced some fertilizer producers in Europe to reduce output, with more expected to follow, threatening to increase costs for farmers and potentially adding to global food inflation. In the U.K., high energy prices have forced several suppliers out of business.
-Even a normally cold winter in the Northern Hemisphere is expected to drive up natural gas prices further across much of the world. In China, industrial users including makers of ceramics, glass, and cement may respond by raising prices; households in Brazil will face expensive power bills. Economies that can’t afford the fuel—such as Pakistan or Bangladesh—could simply grind to a halt.