U.S. Meat Export Federation's Haggard on China's Pork Demand

The video discusses the elasticity of demand for pork in China, highlighting shifts in consumption due to price changes and the impact of African Swine Fever on pork production. It explores the challenges of repopulating hog herds and the incentives for doing so. The discussion extends to US-China agricultural trade, focusing on the increase in US pork exports despite high tariffs and regulatory challenges. The video concludes with an overview of the strict regulations faced by US exporters in meeting Chinese food safety standards.

What is one reason for the shift in Chinese protein consumption habits?

• Decrease in poultry prices

• Increase in pork prices

• Introduction of new pork dishes

• Government subsidies on beef

What is a major challenge in dealing with African Swine Fever?

• High cost of pork production

• Competition from other countries

• Absence of a cure or vaccine

• Lack of consumer interest

What analogy is used to describe the incentives for repopulating hog herds?

• Car manufacturing

• Apple iPhone margins

• Luxury car sales

• Fast food industry

What is a current limitation in understanding the success of repopulation efforts?

• Government restrictions

• High production costs

• Lack of consumer demand

• Insufficient data points

What is a significant barrier for US pork exports to China?

• Excessive supply in the US

• Low quality of US pork

• High punitive duties

• Lack of interest from Chinese consumers

What must US exporters ensure to meet Chinese import regulations?

• Lower prices than competitors

• Higher quality packaging

• Correct labeling and residue testing

• Faster shipping times

What percentage of duty is assessed on US pork products compared to competitors?

• 10% compared to 5%

• 72% compared to 12%

• 50% compared to 20%

• 30% compared to 15%