COVID, African Swine Fever Will Continue to Impact 2022 Pork Market

The COVID-19 pandemic will continue to impact the global pork industry in 2022. Even as the threat of African swine fever looms to close for comfort and rising input costs furrow the brows of producers, the pandemic will be the wild card this year in terms of production and demand. Pork prices increased late last year but remain well below peak levels today. As consumers focus on stocking refrigerators with healthy foods and saving, anticipated hikes at the grocery store will put extra pressure on consumers’ wallets. There’s also concerns in slowing global trade, particularly as the African swine fever continues to spread.

Read more on the pork market outlook here.