Thanks to my boy Cincotta for sending this along (pounding my chest and pointing East right now).
Increased meat consumption will mean more meat production – which means more grain consumption. Which means higher grain prices. But meat production won’t be able to keep up with consumption – so that means higher meat prices too. Brings a tear to my commodity trading eye – nothing like a bull market to tug at my emotions.
Plus don’t forget the Fed is doing its best to flush the dollar down the porcelain throne – so everything will increase in dollar terms anyway.