AHDB Pig Market Weekly
18 June 2012
Pig market trends
Finished pig prices continued their seasonal
upward trend in week ended 9 June. The DAPP
EU Spec has increased by over a penny since the
beginning of May to average 149.45p per kg. This
comes despite changeable weather curtailing
barbecue demand. Supplies have been plentiful
since the turn of the year, with throughputs
comfortably above 2011 levels. Carcase weights
have also been heavier than in the first few
months of last year.
For week ending 16 June the average 30kg weaner price eased back by a few pennies for the sixth consecutive week to average £43.15 per head. This year, high feed costs are again limiting the willingness of finishers to take increased numbers of weaners. The prices of weaners are at their lowest level since early December.
DAPP sample increases
Following discussion by the BPEX board, the
sample of the dead weight average pig price has
been expanded to cover a broader spectrum of the
pig market. The DAPP will now be produced
using information from eight processors covering
15 sites. These are H G Blake, Cheale Meats Ltd,
Cranswick Country Foods, F A Gill, Tulip Ltd,
Vion, G Wood & Sons and Woodhead Bros.
BPEX will be looking to expand the sample of participating abattoirs even further in the coming weeks.
Retail price spreads
The average farmgate pig price in May was 149.0p
per kg, two per cent higher than in the month
previous. Over the month, the average retail price
only increased marginally. As a result, the gap
between producer and retail prices decreased
slightly to 60.5 per cent. This means that
producers received an average of 39.5 per cent of
the retail price which is marginally more than in
April but one percentage point less than at the
same point last year.
Although the average price of pork was little changed on the month there were some price movements in selected cuts. The largest price increase was for pork fillet, which increased three per cent on the month. Boneless shoulder joints and loin steaks were both two per cent dearer than they were in April. In contrast, diced pork was noticeably cheaper, with the average price more than two per cent lower than in the month previous. Compared with prices in May 2011 loin chops were less expensive, prices declined four per cent on the year. Prices for most other cuts were higher than a year earlier with the largest rises for minced pork, boneless shoulder joints and pork fillet increasing to the greatest extent.
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