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Market Intelligence - News - November 2014
Northern Ireland herd figures revised down
Friday, 28 November 2014
Revised figures for the Northern Ireland pig herd show a slightly smaller increase than was recorded in the provisional figures published in August.
UK pig meat market update out now
Friday, 28 November 2014
The December edition of our UK pig meat market update out now
Gammon – not just for Christmas?
Thursday, 27 November 2014
Gammon joints have been a Christmas food staple for centuries. Possible opportunities for growth exist by strengthening the association of gammon with family gatherings and celebrations, not just at Christmas but also outside the festive period.
Quarterly Category Report published
Thursday, 27 November 2014
The latest edition of the BPEX Quarterly Category Report has now been published.
UK pig prices - week ended 22 November 2014
Wednesday, 26 November 2014
For the week ended 22 November, the EU-spec GB SPP fell by 0.75 to 146.14p per kg.
Feed market update - 26 November 2014
Wednesday, 26 November 2014
Grain markets continued their rally through the past week. At Tuesday’s close, May-15 UK feed wheat futures had reached £135.40/t, the highest settlement price since mid-July.
Slowdown in EU prices eases
Wednesday, 26 November 2014
In the 4-week period ended 16 November, EU pig prices fell by almost €2 to €141.11 per 100kg. The EU pig price stood at its lowest point since February 2011 but the decline has slowed in recent weeks, following the sharp falls in September and October.
Higher Spanish exports in January - September
Tuesday, 25 November 2014
Latest Spanish pork export figures for January to September show a 5% increase in trade. Unlike most EU countries, Spanish access to the Russian market was already restricted before the start of this year but it has been particularly successful at finding other non-EU markets for its exports.
November Pig Market Trends out now
Tuesday, 25 November 2014
The November edition of Pig Market Trends (PMT) was published today. This month’s issue includes detailed articles on the UK-EU price gap and imports, global market outlook, international costs of production and EU economic forecasts.
Pig Market Trends - November 2014 (964.62KB)
GB margins positive despite above average costs
Monday, 24 November 2014
Latest figures show that GB pig production costs remained higher than most other major producing countries in 2013. However, UK pig prices averaged 12p above the EU average during the year. New analysis looks at the implications of this and more recent price changes for producer margins.
GB margins positive despite above average costs (332.98KB)
Global pork exports likely to recover in 2015
Monday, 24 November 2014
According to the latest forecasts published by the United States Department of Agriculture (USDA), global pork trade is likely to recover in 2015, after declining for two consecutive years.
Global pork exports likely to recover in 2015 (224.80KB)
September EU pork exports robust
Friday, 21 November 2014
EU pork exports in September rose by 1% compared with a year earlier, to 141,800 tonnes, only the second monthly increase since the Russian import ban was imposed. Exports to all other key markets recorded increases.
Higher UK supplies in October
Friday, 21 November 2014
UK clean pig slaughterings in October reached just over 1 million head, almost 2% above the same month last year. With higher slaughterings and heavier carcase weights, there was 4% more domestic pig meat on the market compared with a year earlier.
UK pig prices - week ended 15 November 2014
Wednesday, 19 November 2014
For the week ended 15 November, the EU-spec GB SPP fell to 146.89p per kg. This was 1.18p lower than the week earlier, driven by continued pressure on demand and high supplies.
Feed market update - 19 November 2014
Wednesday, 19 November 2014
UK May-15 feed wheat futures gained strongly through last week, closing on Tuesday at £131.25/t.
Consumer trends and China feature at AHDB Outlook 2015
Wednesday, 19 November 2014
Bookings remain open for the 2015 AHDB Outlook Conference on Wednesday 11 February.The programme will explore factors that affect delegates’ businesses in their respective sectors, with a particular focus on future consumer trends and China and other Asian markets.
Has the link between UK and EU pig prices been broken?
Tuesday, 18 November 2014
This year, the gap between UK and EU pig prices has risen to unprecedented levels. This might have been expected to lead to a surge in pig meat imports but they were only up 4% in the first three quarters of the year. It might also have led to a fall in exports as they struggled to compete on price; in fact, exports are up 11% for the year to date. So is the UK market now immune to developments in the rest of the EU?
Has the link between UK and EU pig prices broken down (211.84KB)
Welsh pig numbers up
Tuesday, 18 November 2014
New figures from the June Survey of Agriculture and Horticulture show a strong year-on-year increase in the number of pigs in Wales.
Irish trade strengthens in first nine months of 2014
Tuesday, 18 November 2014
At 110,700 tonnes, latest trade figures showed a stronger position for Irish exports between January and September, as volumes increased by 12% compared with the first nine months of 2013.
French exports down but imports stable
Friday, 14 November 2014
In the first nine months of this year, French pork exports declined by 3% compared with the same period in 2013. Pork imports into France came down marginally year on year.
Producer share of retail price stable in October
Friday, 14 November 2014
October figures calculated by AHDB/BPEX show that producers received 40% of the retail pork price.The producer share is in line with the figures from the previous two months, as retail prices have fallen at the same time as pig prices.
Only slow improvement in EU economy
Wednesday, 12 November 2014
Economic growth in both the EU as a whole and the euro area is likely to remain weak for the next two years, according to the EU Commission’s autumn economic forecast.
Feed market update - 12 November 2014
Wednesday, 12 November 2014
UK feed wheat futures (May-15) closed at £126.0/t on Tuesday (11 November) unchanged from a week earlier, although prices fell to £124.0/t as at Friday’s close.
UK pig price - week ended 8 November 2014
Wednesday, 12 November 2014
For the week ended 8 November, the EU spec GB SPP fell by 1.69p to 148.07p per kg.
Higher pig numbers in Denmark
Tuesday, 11 November 2014
According to the latest census figures for 1 October, total pig numbers had increased by 4% compared with the same date in 2014. This was the largest pig herd since the second quarter of 2011 and was a result of more pigs being kept for slaughter. The total breeding herd was unchanged from a year previously.
Contrasting trends in US and Canadian exports
Tuesday, 11 November 2014
At 1.1 million tonnes, US pork exports rose by 4% in the first nine months of this year, compared with the same period in 2013. Canadian exports weakened by 3% year on year in the same period, to 646,400 tonnes.
UK imports and exports strengthen in September
Monday, 10 November 2014
During September, pork imports into the UK increased by 3% on the year . However, despite the gap between EU and UK pig prices reaching unprecedented levels, the increase in imports remains modest. UK pork exports also increased by 3% in September. Increased demand from Asian markets led UK exports, particularly from China.
Animal feed production lower in third quarter
Monday, 10 November 2014
Latest figures from Defra show that GB production of animal feed in July to September was 5% lower than a year earlier. In contrast, pig feed production was 1% higher than a year before, mainly due to a 6% rise for finishing feed.
EU pig kill marginally down in August
Friday, 7 November 2014
August figures published by Eurostat showed a marginal decline in EU pig slaughterings compared with the same month in 2013, to 19.3 million head. Pig meat production in August was also almost unchanged from a year earlier.
Feed market update - 5 November 2014
Wednesday, 5 November 2014
UK feed wheat futures fell over the week after rallying through most of October. The May-15 contract dropped to £126.00/t on Tuesday, having fallen since last Wednesday, the longest continuous drop since late-September.
UK pig prices - week ended 1 November 2014
Wednesday, 5 November 2014
For the week ended 1 November, the EU-spec GB SPP fell to its lowest point since the series began in April, at 149.76p per kg.
Barbecue use cools in 2014
Wednesday, 5 November 2014
Latest data show that there were 65 million barbecue meal occasions in the 12 weeks ending in August 2014. The same period in 2013, which was the driest and warmest barbecue season since 2006, saw 85 million occasions, which was a big increase on the 45 million in 2012.
PEDv raises Japanese import requirement
Monday, 3 November 2014
Latest figures show a 13% increase in Japanese pork imports in January to September this year, compared with the same period in 2013. With additional supplies available, the EU became the main provider of pork to Japan.
Pig farm incomes up in 2013/14
Monday, 3 November 2014
According to new figures published by Defra, average Farm Business Income on specialist pig farms rose sharply in 2013/14, to an average of £65,200. This was the highest since 2009/10, also the last time that pig farm incomes were higher than the average for all types of farm.