Recent trends in global meat markets suggest a much brighter future for Irish beef farmers. This week, Phelim O’Neill shows how the global price of pork, beef and lamb has jumped in recent months as markets struggle to get to grips with increased demand from China.

While China’s dominance in global meat markets had been growing over the past decade, the impact of African swine fever (ASF) on its national pig herd has seen imports surge. Analysts report that since the disease was detected 15 months ago, the pig herd in China has plummeted from over 430m pigs to under 200m.