Britain’s National Pig Association (NPA) says that pig herds in Europe are shrinking. As if that isn’t bad enough, this trend is “being mirrored around the world,” the group says in the release. Drought conditions, especially in the U.S. and Russia, have taken a toll on the price of the grain crops used for animal feed, and world food prices are expected to reach record highs in 2013.
The number of slaughtered pigs could as much as drop 10 percent in the second half of next year, the NPA says. This would double the price of European pork and pork products.