19 Sep '12, 6pm

Farmers begin ‘mass slaughter’ of animals as food prices spike

Farmers begin ‘mass slaughter’ of animals as food prices spike

The mass slaughter of millions of farm animals across the world is expected to push food prices to their highest ever levels. Farmers across the world have begun a mass slaughter of their pig and cattle herds because they cannot afford the cost of feed, which has soared following the worst US drought in living memory, according to a report published on Wednesday. Experts at investment bank Rabobank warn that the mass “herd liquidation” will contribute to a 14% jump in the price of the average basket of food [in the United Kingdom] by next summer. Once again: thanks, drought. Dead corn means dead animals. It’s important to note that this slaughter and the resulting food price spike is still mostly in the future. Mostly. Rabobank said the slaughter of millions of pigs has already led to a 31% increase in the price of pork and the costs of other meats are also expected to soa...

Full article: http://grist.org/news/farmers-begin-mass-slaughter-of-ani...

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