Bacon prices lose their sizzle
UK - British pig producers are facing falling prices and reduced demand during the first two weeks of 2006.The GB Euro Deadweight Adjusted Pig Price was 106p in June 2005 compared with 102.06p/kg for the week ending 14 January.
Spot quotes have also drifted lower with baconers currently worth little more than 100p/kg d/wt as against spot quotes last June of up to 112p/kg.
EU producers are also suffering from falling values with the EU Big 6 mainland average equivalent to 86.5p/kg, well below UK levels.
UK cull sow values fell again sharply last week with export abattoirs quotes circa 67p/kg compared with 76/78p in mid December.
The value of the € has also dropped over the past twelve months and is currently worth 68.5p down from 69.5p last January.
This has effectively reduced the cost of imported pigmeat and the value of cull sow exports by almost 1%.
On the positive side, weaner prices have risen over the past twelve months with the current MLC 30kg ex farm average quoted at 333.70/head which is up by almost 32/head since January 2005.
Source: FWi
17 January 2006
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