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Market Intelligence - News - August 2014
EU missing out on global pork price surge
Friday, 29 August 2014
During the second quarter of this year, pork prices in many parts of the world rose rapidly. However, EU exporters did not experience the same rises, as the Russian import ban limited gains.
Strong pound increases gap between UK and EU prices
Thursday, 28 August 2014
The exchange rate reflects the strength of a country's economy and its relative outlook compared with others. There has been an overall strengthening of the pound against the euro over the past year. One impact of this is to make imported products cheaper on the UK market and UK exports more expensive overseas.
Quarterly Category Report published
Thursday, 28 August 2014
The latest edition of the BPEX Quarterly Category Report has now been published, covering the retail market for pork, bacon, sausages and ham.
UK pig prices - week ended 23 August 2014
Thursday, 28 August 2014
The EU-spec DAPP for the week ended 23 August came down marginally, by 0.29p, to 158.06p per kg. This is the eighth consecutive week that it has fallen, with a price decline of nearly 6p over this period.
Feed market update - 27 August 2014
Wednesday, 27 August 2014
Read our summary of latest developments in the domestic and global grain and oilseed markets.
Irish exports strengthen despite the Russian ban
Wednesday, 27 August 2014
Latest figures show strong Irish pork exports in the first half of the year, totalling 71,400 tonnes. This was up 15% from the previous year and the highest bi-annual figure in records back to 1997.
August Pig Market Trends out now
Wednesday, 27 August 2014
The August edition of Pig Market Trends (PMT) was published on Tuesday.
Pig Market Trends - August 2014 (0)
September UK pig meat market update out now
Tuesday, 26 August 2014
The September edition of our UK pig meat market update out now
EU pig prices remain subdued
Tuesday, 26 August 2014
EU finished pig prices have stabilised in August following a sharp fall during July. Slow demand in the European Union was the key driver of lower prices in recent weeks, although the Russian ban on imports of EU pork continued to weigh on the market.
Liquidation of the Chinese pig herd continues
Monday, 25 August 2014
Read about recent developments on the Chinese pig market
Liquidation of the Chinese pig herd continues (0)
EU exports fall in June and first half of 2014
Friday, 22 August 2014
Latest figures for June show a 5% fall in EU pork exports, with a similar trend recorded for the first half of the year. This was a direct consequence of the Russian ban, imposed earlier this year, on the back of ASF found in Poland, Latvia and Lithuania.
Russian ban provides opportunity for Brazilian pork
Friday, 22 August 2014
Will Brazil be able to fill the gap left by other suppliers of pork to Russia and what will that mean for the global pork market?
Russian ban provides opportunity for Brazilian pork (0)
New edition of MeatStats published
Thursday, 21 August 2014
MeatStats, AHDB Market Intelligence’s set of data tables covering different aspects of the UK and global meat industry has now been updated to include data up to the first quarter of 2014.
UK slaughterings up marginally in July
Thursday, 21 August 2014
Latest figures show a marginal year-on-year increase in pig slaughterings in July, at 969,800 head. With higher carcase weights, pig meat production increased by almost 2% on July 2013, to 80,400 tonnes.
UK pig prices - week ended 16 August
Wednesday, 20 August 2014
For the week ended 16 August, the GB SPP fell further to 158.27p per kg, down by 0.91p on the week before.
Feed market update - 20 August 2014
Wednesday, 20 August 2014
The grains and oilseed markets continue to be influenced by fundamentally bearish factors overall. UK feed wheat futures closed at a new contract low on Tuesday.
The changing mix of UK pig meat exports
Tuesday, 19 August 2014
One of the reasons UK pig prices have reached new highs in the last couple of years is the strength of exports. Read more about what UK exports are made up of and how the mix is changing.
The changing mix of UK pig meat exports (0)
Book now for Grain Market Outlook
Tuesday, 19 August 2014
Bookings are now open for HGCA’s flagship annual Grain Market Outlook Conference.
EU pig meat production lower in May
Monday, 18 August 2014
According to the latest figures published by Eurostat, at 19.8 million head, EU pig slaughterings declined by just over 3% in May, compared with the same month in 2013. The country breakdown showed most of the major producers slaughtering fewer pigs in May.
Little change in French pork exports or imports
Friday, 15 August 2014
In the first half of the year, French pork exports totalled 233,000 tonnes, up marginally from the same period a year earlier. Pork imports in declined by almost 1% on a year earlier, to 182,500 tonnes.
Canadian pork exports fall marginally
Friday, 15 August 2014
Canadian pork exports in the first half of the year came down marginally to 439,400 tonnes. Exports to countries affected by PEDv were higher, as were those to Russia. However, with prices significantly higher, other Asian markets reduced trade with Canada.
A larger Danish pig herd in July 2014
Thursday, 14 August 2014
According to the latest figures published by Denmark Statistics, the Danish pig population at the start of the third quarter had increased by 2% on a year earlier, to 12.5 million pigs.
Strong UK pork exports continue
Thursday, 14 August 2014
For the fourth time in the first six months of this year, UK pork exports recorded double digit year-on-year growth in June. In contrast, the UK imported less pork in June than a year before but the total volume of pig meat entering the UK market was higher, due to increased imports of cured and processed products.
Feed market update - 13 August 2014
Wednesday, 13 August 2014
Bearish news from the latest USDA supply and demand estimates was reported on Tuesday night, as global wheat and maize production were revised upwards.
UK pig prices - week ended 9 August 2014
Wednesday, 13 August 2014
Finished pig prices in the UK continued to fall in the week ended 9 August, with the GB SPP reaching another new low point at 159.18p per kg.
FAO Meat Price Index up for fifth consecutive month
Tuesday, 12 August 2014
Latest figures from the UN Food & Agriculture Organisation (FAO) show global meat prices rose for the fifth consecutive month. The FAO’s Meat Price Index reached a record high in July, at 204.8 points.
Don’t rely on the ‘barbecue effect’
Tuesday, 12 August 2014
With UK finished pig prices falling in recent weeks, producers have been looking for things which might help to arrest the decline. One suggestion which is often cited during warm spells, is barbecue demand. But is there any evidence to suggest that there is a link between ‘barbecue weather’ and rising pig prices?
Mince’s share of pork market rising
Tuesday, 12 August 2014
Shoppers’ spending on pork was down 2% year on year during May to July, according to the latest Kantar Worldpanel data, led by chops/steaks, where expenditure was down 8%. The one sector that continues to perform consistently well is pork mince, which reached nearly 6% of total pork sales.
Rise in compound pig feed production
Monday, 11 August 2014
Latest figures from Defra show that production of compound pig feed between April and June 2014 was 7% higher than in the same period last year. As has been the case since last summer, less wheat was used in compound animal feed, with more use of barley, oats and maize.
US exports up despite higher prices
Monday, 11 August 2014
In the first half of the year, US pork exports increased by 10% compared with the same period in 2013. This came despite higher prices on the back of tight supplies due to the PEDv outbreak.
Russian food import ban will have limited impact
Friday, 8 August 2014
On Thursday, Russia announced that it was banning imports of agricultural and food products from the EU and several other western countries. However, with import restrictions already preventing EU pork from reaching the Russian market, the impact of the ban on the EU (and UK) pork market may be limited.
Producer share of pork price down
Friday, 8 August 2014
According to the latest price figures, pork producers received 41% of the total retail price in July. This was nearly 2% down on the previous month, resulting from lower farmgate prices and higher retail ones.
UK pig prices - week ended 2 August 2014
Wednesday, 6 August 2014
For the week ended 2 August, the GB SPP fell below the 160p per kg mark for the first time, with its largest week-on-week decline of 1.30p per kg.
Feed market update - 6 August 2014
Wednesday, 6 August 2014
The recent trend of falling prices in grain markets has persisted throughout the past week. Oilseed futures prices also eased during the week but remained above contract lows of two weeks ago.
Forecasts suggest less beef but more lamb
Wednesday, 6 August 2014
Latest AHDB/EBLEX forecasts for UK beef and sheep meat supplies, published this week, show that there is likely to be less beef but more lamb available later this year and into next. The fall in beef supplies could present opportunities to encourage consumers to switch to pork. Increased
EU sow prices below 2013 levels
Tuesday, 5 August 2014
Since the recovery in EU sow prices during early spring, the market has generally weakened again. This now means sow prices across the EU have once again fallen below year earlier levels.
August UK Pig Meat Market Update
Monday, 4 August 2014
The August edition of our UK Pig Meat Market Update is out now.
PEDv leads to higher Japanese imports
Friday, 1 August 2014
At 397,500 tonnes, pork imports increased by 10% in the first half of 2014, compared with 2013, the highest point since 2008. Processed pig meat imports rose by 13%, to 110,400 tonnes.
Russian ban hitting some EU countries hard
Friday, 1 August 2014
Although EU pork exports in the first five months of this year were down overall, trends varied considerably between Member States. German shipments were down by 20% on the same period last year, while Denmark exported 6% more, allowing it to regain its position as the leading source of EU pork exports. Unsurprisingly, Poland was the hardest hit, with its pork exports down by nearly half.