Hayes: China pork demand eases

January 22, 2022
News

Dermot HayesDermot Hayes, professor, was quoted in a Jan. 21 Star Tribune story, "High U.S. meat prices: Profiteering by packers including Cargill or capacity crunch?"

Chinese demand for pork is easing as the country rebuilds its hog herd from a devastating bout of African swine fever, returning pork processing margins to their five-year average, according to Dermot Hayes, economics professor at Iowa State University.

Price spikes show the industry needs some slack in the system, Hayes said. Government incentives could encourage more farmer groups to build processing plants and earn more selling meat rather than live animals.

This story also covered by
Yahoo News, Jan. 19
Market Screener, Jan. 26
Successful Farming, Jan. 27
Ag Daily, Jan. 27
Rural Radio, Jan. 27

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