Published on 3rd August 2012
Some farmers are selling off their livestock herds because they can't afford to buy feed, marking a new level of fallout from the drought that will affect consumers and possibly the entire U.S. economy. The cost of meat at the grocery likely will drop as farmers liquidate cattle and pigs in the next few weeks, but higher pork prices and even shortages could follow in "as soon as six months," says Mike Platt, executive director of the Indiana Pork Producers. [USA Today]