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Market Intelligence - News - July 2014
The online challenge for red meat
Wednesday, 30 July 2014
Online grocery sales will more than double in the next five years, according to IGD. The need for longer use by dates and product quality assurance are two of the key challenges facing fresh meat in the online channel. Nearly half of online grocery shoppers say they prefer to buy fresh foods in-store rather than buying online.
EU producers missing benefits of lower production costs
Wednesday, 30 July 2014
Recent falls in feed prices will have been welcome to pig farmers everywhere. This is particularly true of many producers across the EU, where subdued pig prices since the autumn have meant that margins have remained tight.
PMT - EU pig production costs (229.63KB)
EU pig meat demand holding up
Wednesday, 30 July 2014
Demand for meat in the EU has generally slowed since the economic downturn in 2008, particularly for red meat. However, in comparison to beef and lamb, pork has performed relatively well. Data from key countries for early 2014 provide further confirmation of this. However, while the EU economic outlook suggests some improvement, growth is likely to be sluggish and some uncertainties remain.
PMT - EU pig meat production costs (192.30KB)
Northern Ireland pig industry overview
Wednesday, 30 July 2014
While the Northern Ireland pig industry is not a key player in the global pig trade, the region has become increasingly important for Ireland and GB, given its close proximity. The total number of pigs on farm in 2013 reached its highest level since 1999, making up around 10% of the UK herd.
PMT - Northern Ireland Overview (198.64KB)
Demand key to outlook as UK pig supplies increase
Wednesday, 30 July 2014
Latest AHDB/BPEX forecasts for UK pig meat supplies point to an increase in availability in the coming months. This has the potential to sustain the recent softening of domestic pig prices. However, much will depend on how demand responds both at home and on export markets.
PMT - Outlook for UK supplies (198.11KB)
UK pig prices - week ended 26 July 2014
Wednesday, 30 July 2014
For the week ended 26 July, the GB SPP fell to 160.94p per kg. This marked a decline for the fourth consecutive week as prices fell to their lowest point since April 2013.
Feed market update - 30 July 2014
Wednesday, 30 July 2014
UK feed wheat prices continued on the downward trend this week, weakened by the good harvest reports from the EU and UK. Concerns over dry weather in key US soyabean growing states and strong export sales provoked a price rally over the past week.
July Pig Market Trends out now
Wednesday, 30 July 2014
The July edition of Pig Market Trends (PMT) was published on Tuesday. As well as the usual summary of developments in the UK and EU pig markets and the global feed market over the last month, this month’s issue includes more detailed articles on the outlook for UK supplies, Northern Ireland, EU pig meat consumption, EU production costs and online meat sales.
Higher pork imports into South Korea
Wednesday, 30 July 2014
At 169,700 tonnes, South Korean pork imports strengthened by 7% in the first half of this year, compared with 2013, as PEDv hit its domestic production and increased demand for imports. Korea’s dependency the EU market increased, as imports rose by nearly 40% during the first half of the year.
More African Swine Fever cases in the EU
Wednesday, 30 July 2014
Over the last week, several new cases of African Swine Fever (ASF) have been reported from Latvia, Lithuania and Poland, including one on a large pig farm in Lithuania. The past week has also seen reports emerge of ASF being found in meat products from a major Russian processor. The WTO has established a panel to review the dispute between the EU and Russia over the latter’s restrictions on imports of pork, imposed following the initial ASF outbreak.
Falling prices in the EU
Wednesday, 30 July 2014
The recent upturn in EU finished pig prices, which started in early May, has reversed in the last couple of weeks. EU pig prices fell from €175.36 per 100kg in week ended 6 July, the highest point of the year so far, to €168.43 per 100 kg in the latest week. The swift backward step resulted from the start of summer holidays hitting demand in Northern Europe.
UK pig meat supplies set to increase
Wednesday, 30 July 2014
Latest AHDB/BPEX forecasts for UK pig meat supplies point to an increase in availability in the coming months. With the breeding herd thought to have stabilised and productivity continuing to improve, growth of 3% in slaughterings is forecast for both the rest of this year and for 2015. Imported pig meat is also likely to remain more plentiful and a further increase in exports will be insufficient to make a big dent in the level of supplies on the domestic market.
UK pig prices - week ended 19 July 2014
Wednesday, 30 July 2014
At 161.68p per kg, the EU-spec DAPP fell to the lowest point since April 2013 for the week ended 19 July.
EU pork exports return to growth
Wednesday, 23 July 2014
At, 132,800 tonnes, EU pork exports in May were marginally higher compared with 2013. Similarly, pig offal exports rose marginally in May, to 90,000 tonnes.
PEDv hitting Japanese pig producers hard
Wednesday, 23 July 2014
According to latest information from the Japanese Ministry of Agriculture, the number of PEDv cases in the country since the first outbreak in October has reached more than 800.
Feed market update - 23 July 2014
Wednesday, 23 July 2014
Favourable growing conditions and strong supply prospects for new season crops have continued to exert downward price pressure on grains throughout the last week. The oilseed complex has also been influenced by bearish factors throughout the last week, with favourable weather and strong supply prospects putting pressure on prices.
Highest May UK pork exports since 2000
Wednesday, 23 July 2014
The UK’s pork export market performed strongly in May, with shipments up 19% on a year earlier at 16,200 tonnes. At 30,500 tonnes, pork imports in May were only marginally up on the previous year.
UK June slaughterings well up
Wednesday, 23 July 2014
At, 771,700 head, UK clean pig slaughterings in June increased by 4% compared with the same month in 2013. This brought the total UK kill for the first half of the year to almost 5 million head, up 1% from same period in 2013.
EU holds a large share of Chinese imports
Wednesday, 23 July 2014
The Chinese pork import market strengthened in the first half of the year, with volumes up by 9% on the year earlier. Offal imports, on the other hand, weakened by 3% in the first half of the year.
Feed market update - 17 July 2014
Wednesday, 23 July 2014
In the UK the downward price trend for feed wheat has continued throughout the past week and global oilseed prices remain in their downward trend with strong supply forecasts for 2014 acting as the focus.
Global growth in meat production to slow down
Wednesday, 23 July 2014
According to the global outlook just published by FAO and OECD, world meat production is expected to show a smaller rate of growth of 1.6% per annum in the 2014 to 2023 period compared with the previous 10 years.
Lower UK household pork purchases
Wednesday, 23 July 2014
Shoppers’ spending on pork was down 3.5% year on year in the 12 weeks ended 22 June, according to the latest Kantar Worldpanel data while volume purchases were down 2%.
DAPP down for the second consecutive week - 12 July 2014
Wednesday, 23 July 2014
The EU spec DAPP for the week ended 12 July edged down to 162.62p per kg. The new standard pig price (SPP) also fell back by to 162.55p per kg during the same week.
Good carcase classification results for the UK
Wednesday, 23 July 2014
According to the data published by the European Commission the UK has some of the best results in the EU as in 2013 78% of commercial pigs slaughtered were classified as S grade and a further 21% were grade E.
Lower EU pig slaughterings
Wednesday, 23 July 2014
EU slaughtering in April fell by almost 3% compared with the same month in 2013 to 20.5 million head. Although, on a per working day basis slaughterings were 7% higher on the year earlier.
Brazilian export prices rising fast
Friday, 11 July 2014
In the first half of 2014, Brazil exported just over 200,000 tonnes of pork, almost the same as a year earlier. However, the shortage of pork on several key markets meant that prices rose rapidly.
Feed market update - 9 July 2014
Wednesday, 9 July 2014
Latest developments in cereals and oilseeds markets affecting pig feed.
UK pig prices - week ended 5 July 2014
Wednesday, 9 July 2014
The EU-spec DAPP fell back by a penny for week ended 5 July, leaving it at 162.87p per kg, its lowest level since March.
EU meat production set to recover
Tuesday, 8 July 2014
In its latest short-term outlook for crops, meat and dairy markets, the EU Commission forecasts that meat production will start to recover in 2014 and 2015.
Pork retail prices lower than a year ago
Tuesday, 8 July 2014
June AHDB/BPEX calculations for the spread between farmgate and retail prices indicate a 1% increase in the producer share from the previous month, to 42%.
PEDv drives global meat prices higher
Tuesday, 8 July 2014
Latest figures from the UN Food & Agriculture Organisation (FAO) show that global meat prices reached record levels in June.
EU weaner prices falling but higher than 2013
Tuesday, 8 July 2014
EU weaner prices in 2014 have generally remained above last year’s level and have broadly followed the normal seasonal pattern.
US pig numbers affected by PEDv
Tuesday, 8 July 2014
According to the latest figures published by the USDA, the US pig population stood at 62.1 million head on 1 June.
Croatian pork production hit since EU accession
Monday, 7 July 2014
This Tuesday marked the first anniversary of Croatia becoming the 28th Member State of the EU. Since then, Croatian pig meat production has fallen significantly.
Feed market update - 2 July 2014
Monday, 7 July 2014
Nov-14 UK feed wheat futures prices closed at £134.50/t, a contract low, on Tuesday, down £3.10 on Friday’s close and £4 on the start of last week.
Higher imports to Italy
Monday, 7 July 2014
Pork imports in Italy, the EU’s largest net importer, between January and March strengthened by 6% compared with a year earlier. Similarly, pork exports were up 10% .
Small increase in German breeding pigs
Monday, 7 July 2014
Latest data from the German Federal Statistical Office show a 1% increase in breeding pig numbers in the year to May 2014, to 2.1 million head.
First EU case of ASF in domestic pigs found
Monday, 7 July 2014
Last week it was announced that Latvia had become the third EU country to confirm cases of African Swine Fever
EU pig prices on an upward trend
Monday, 7 July 2014
During the four weeks to 22 June, EU pig prices increased, reaching the highest point for the year so far. Prices across all the key Member States rose during the last four weeks, with increases ranging from around €5-10 per 100kg.
New standard pig price launched
Monday, 7 July 2014
Details of the newly launched GB Standard pig price and commentary on pig and weaner price for the week ended 28 June.