Poor start to year for pig industry

Falling EU mainland pigmeat prices are undercutting the UK market. The latest EU mainland average producer price of 82p/kg has dropped by 17% over the past three months.

Although the Deadweight Adjusted Pig Price on which many contract prices are based remains firm at its latest quote of 107.83p, spot prices have fallen. Spot bacon is now being quoted in the 106 – 108p range according to specification, but even at this lower level remains vulnerable to imports.

Cull sow prices are also reflecting much lower EU pigmeat values. Export abattoir bids have fallen to circa 70p/kg with few signs of any improvement until the EU pigmeat market picks up.

The relatively low value of the € which opened on Monday 8th January worth 67.3p is doing little to help the pigmeat import/export balance.

To continue reading this article please click here

Source: Farmers Weekly

Sign up for our
regular news updates

Latest Pig Industry News

•   Time Required to Improve Live Hog Prices
•   PCVDs and the Diagnosis and Control of Epizootics
•   Intelligent Farrowing Pen on the Way
•   Market Preview: Tracking the Corn Crop
•   Weekly Review: Optimism in Futures Market
•   REVIEW: The Pig Journal, Volume 61 (2008)
•   Alliance: Cobb-Vantress and Hendrix Genetics
•   Weekly Roberts Report
•   Rosselkhoznadzor Bans Meat Imports from Two Brazilian States
•   Blue-Green Algae Fatal to Livestock