Hopes of an EU lift to rock bottom pig prices
UK - Firmer EU values may feed through to the domestic market in the weeks ahead, raising UK pigmeat from their current low levels.The EU “Big Six“ Mainland average price has risen to the equivalent of 96p/kg deadweight and stands at its highest level since September 2005.
Domestic prices have moved in the opposite direction during the first two months of the year with the latest Deadweight Adjusted Pig Price quote of 100.16p/kg compared with 101.89p at the start of 2006.
Although most contract prices are tied to the DAPP, spot quotes have shown a much bigger drop.
Signs of EU consumers switching from poultry due to bird flu concerns and reports of Classical Swine Fever in Germany may benefit UK producers at a time when price rises are needed.
Source: FWi
15 March 2006
2 minute read
