Search our website enhanced by Google.
Pig market monthly update - September 2022
Thursday, 6 October 2022
Prices
GB deadweight pig prices moved above the landmark £2/kg price in September as markets remain strong. However, weekly price increases have been more subdued in recent weeks compared to earlier in the year.
EU deadweight pig prices have seen steady increases in recent weeks sitting at a discount of between 13p to 42p to UK prices. As demand begins to seasonally pick up, supplies are expected to tighten, which could add further pressure to prices.
Costs
Input prices are still high, remaining significantly above year earlier figures. Despite record high pig prices, they remain some way off covering the estimated cost of production. Although feed ingredient prices have eased from pre-harvest highs, tight supplies are keeping prices supported. The recent drop in sterling to a record low against the US dollar will add continued pressure to farmer margins as imported inputs, often priced in US dollars, will see prices rise.
Production and trade
UK pig meat production rose in August on the back of increased slaughter as carcase weights continued their downward trend from the beginning of the year.
Growth in exports and imports for all key product categories has led UK pig meat trade to shift closer to pre-pandemic levels. Lost trade volumes to China have predominantly been absorbed by higher shipments to the EU. In addition, the opening of new markets in Mexico and Chile will provide more opportunities to UK exporters.
Sign up for regular updates
You can subscribe to receive Dairy market news straight to your inbox. Simply fill in your contact details on our online form and select the information you wish to receive.
While AHDB seeks to ensure that the information contained on this webpage is accurate at the time of publication, no warranty is given in respect of the information and data provided. You are responsible for how you use the information. To the maximum extent permitted by law, AHDB accepts no liability for loss, damage or injury howsoever caused or suffered (including that caused by negligence) directly or indirectly in relation to the information or data provided in this publication.
All intellectual property rights in the information and data on this webpage belong to or are licensed by AHDB. You are authorised to use such information for your internal business purposes only and you must not provide this information to any other third parties, including further publication of the information, or for commercial gain in any way whatsoever without the prior written permission of AHDB for each third party disclosure, publication or commercial arrangement. For more information, please see our Terms of Use and Privacy Notice or contact the Director of Corporate Affairs at info@ahdb.org.uk © Agriculture and Horticulture Development Board. All rights reserved.