When bacon was abundant it was everywhere: in your jam, on seemingly every burger, even flavoring bourbon. So if history is any guide, this year's food trend should be extra cheese.
The reason is the U.S. is sitting on more butter and cheese than it knows what to do with, and the Europeans are to blame.
Exports from the European Union have climbed so far this year and last — even after the bloc's once-largest customer, Russia, banned trade in retaliation for sanctions over its incursion in Ukraine. A glut of milk, plunging prices and a weakening euro mean the EU has been able to grab customers in Asia and the Middle East, while U.S. sales have fallen.
To read the rest of the story, please go to: Bloomberg
