Pig prices fall to lowest point since April 2013

Pig prices have fallen to their lowest point since April 2013, as higher supplies and subdued demand have combined to produce a similar picture to that in the sheepmeat and cattle sectors.

Bpex said that for the week ended 26 July, the UK-spec DAPP fell to 158.02p per kg, marking a decline for the fourth consecutive week.

AHDB Market Intelligence’s Stephen Howarth told meatinfo.co.uk that domestic production is high, with more pigs and higher carcase weights pushing up supply. He said the breeding herd had stabilised, with improved productivity due to mild weather.

Howarth added that there are more pigs coming in from abroad: “European pig prices are quite a bit lower than ours which has pulled some extra imports in.”

The increased supply has been met with subdued UK demand. Despite good barbecue weather, Howarth told meatinfo.co.uk that this has only slight offset the negative impact of this year’s mild climate, which is not conducive to the consumption of the higher value pork products - frying and roasting cuts.

He added: “I think people are still in a mindstate that they have been in for the last few years and watching the pennies.”

However Howarth was also keen to stress that current prices are still historically quite high, and would have been at record levels 18 months ago. He said exports have been steadily rising over the last three years, despite the strengthening of the pound. Feed prices are also low, which helps with producers’ margins.

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