The 2019 corn crop looks set to go from bad to worse, which should boost prices of the grain at the grocery store, in addition to pushing the cost of beef, chicken, and pork higher with it.
First it was the looming shortage in U.S. corn supplies; now we have a global pork supply problem. Pork supplies are expected to drop by the largest percentage ever. The record-breaking drop in global pork production will mean a massive shortfall of meat.
It is very popular right now to blame the worldwide stock market declines on China. Some analysts picked China's recent economic developments; others focused on their stock market decline; others chose to focus on the devaluation of the Yuan. I believe this is an easy, convenient excuse, rather than the core issue at hand. Consider: