I think the bacon shortage was based on an expectation that the soybean crop was going to be bad this year, since soybeans are used in pig feed. But I heard on the radio yesterday that thanks to good conditions late in the growing season they’re actually expecting a near record setting crop now.
15.84 a bushel for soybeans and the drought affected production. 13.64 was the price a year ago. Corn is about 2 dollars a bushel higher too but many farmers aren’t selling due to holding it back as cattle feed.
I don’t see how this can not send beef and pork prices higher but I don’t farm so who knows.
Chicken and turkeys eat soy meal and cracked corn and some local turkey growers her in Nebraska shut down a year ago because feed was just to high to make a profit.