Business News: Bacon prices could go up?

(CNN) - Enjoy all the bacon you can now because you may have to pay more for it next year.
Britain's National Pig Association says a worldwide bacon shortage is "unavoidable." This summer's drought left farmers with less corn and soybean feed to give their herds. Bacon lovers in the U-S don't have to panic just yet. America's pork supply actually reached a record last month. U-S hog farmers have been reducing their herds due to high feed costs, but the situation isn't as bad as it is in the U-K.

****

(CNN) - Ford Motor Company says it will cut hundreds of jobs in its European operations as it looks for ways to cut costs on the continent.  
Ford says the cuts in salaried positions will be voluntary, and the company will also look to trim its budget by reducing expenses.  
The changes come as Ford is facing a drop in demand for its products in Europe, where the economic crisis is making things difficult for many carmakers.  
This summer, Ford predicted it would post losses of more than one billion dollars in Europe by the end of the year.  


JOIN THE CONVERSATION

To find out more about Facebook commenting please read the
Conversation Guidelines and FAQs

Leave a Comment
More Stories