Tuesday, June 26, 2012

I think this means you should stock up on pork

From the Wall Street Journal ...

CHICAGO—The recent heat wave in the U.S. Midwest has helped lift hog futures out of the mud.
Lean-hog prices have surged 21% over the past six weeks as scorching temperatures have caused hogs headed for slaughter to carry less weight. Leaner hogs mean less meat per animal and smaller supplies of pork. This has accentuated a seasonal increase in prices that usually happens this time of year.

    And while we're at it, keep an eye on the price of  other meats, as well as corn products,  since the Midwest's corn producers also are getting slammed with hot, dry conditions.

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