Hayes quoted in Farm Journal's Pork

Dr. Dermot HayesDermot Hayes, professor, was quoted in a May 31 Pork story, "Will Trump’s Latest Tariff Tactics Threaten USMCA Passage?"

For most of the last year, U.S. pork producers lost $12 per hog due to trade retaliation by Mexico, which was lifted last week, according to Iowa State University Economist Dermot Hayes. Hayes projects that the U.S. pork producers will lose the entire Mexican market, one that represented 20% of total U.S. pork exports last year, if they face protracted retaliation. As of April 1, the value of U.S. pork exports to Mexico were down 28% from the same period last year. 

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