Price Trends

Market Update


The GB DAPP averaged 99.77p per kg dw in the week ended 1 April 2006. Throughputs were down by nearly three% with the average weight of pigs remaining at around 76kg. A slight increase was seen in the EU pig reference price in week ended 2 April 2006, to the equivalent of 99.77p per kg dw. With uncertainty surrounding classical swine fever in Germany, the price change remained negligible. The Netherlands price has increased by 11% over recent weeks to bring it on a par with the UK price, equivalent to 97.46p per kg dw. Overall purchases of fresh and frozen pork increased by nearly 4% in the 12-week period ended 26 March 2006. Consumers purchased more belly and loin roasting joints. However, purchases of chops were down nearly 10% over this period. Purchases of bacon declined by nearly 7%.


Deadweight cattle prices continued their upward trend with the average GB steer price increasing by a further 1.3p to 197.9p per kg in week ended 1 April. The average young bull price rose by more than 2p to 183.3p per kg dw. From the start of the scheme on 23 January 2006 until 2 April, older cattle disposals amounted to 23,657 head. In the same period last year OTM throughputs were in the region of 120,000 head. In the 12 weeks to 26 March, retail purchases of fresh and frozen beef were up five% on 2005. However, expenditure was up only 3%.

In the 12 weeks to 26 March, retail purchases of fresh and frozen beef were up five per cent on 2005. However, expenditure was up only three per cent. Purchases of mince were up almost 10 per cent to account for 45 per cent of fresh beef consumption. Spending on mince also rose by 10 per cent although spending on steaks was less marked than the rise in purchases. Burger and grill purchases were down nine per cent in the 12-week period ended 26 March but consumers purchased more beef ready meals than a year ago.


GB auction market throughputs fell by 19 per cent week-on-week in week ended 1 April. This helped increase the overall SQQ by 4p to average 126.03p per kg lw. Although overall numbers were down on the week, throughputs of spring lambs increased by 40 per cent and the SQQ for new season lambs rose 14 per cent to 166.55p per kg. In the 12 weeks to 26 March purchases of fresh and frozen lamb were just over one per cent higher than in 2005. However expenditure fell by two per cent for the same period.

Consumption of chops and leg roasting joints both increased by four per cent compared with the same 12-week period last year. The eight per cent increase in purchases of shoulder roasts was offset by a seven per cent decline in purchases of stewing cuts. The popularity of ready meals continues with a 16 per cent year-on-year increase in purchases of meals containing lamb.

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