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Market Intelligence - News - December 2014
UK pig prices - week ended 20 December 2014
Wednesday, 24 December 2014
Although in week ended 20 December the EU-spec SPP fell for the 11th consecutive week, the decline was the slowest during that period, down 0.34p to 143.50p per kg.
Little change in German pig numbers
Wednesday, 24 December 2014
Provisional figures from the November pig census show that the number of pigs in Germany was little changed from a year earlier. There was a reversal of the growth in the breeding herd recorded earlier in the year, with sow numbers down 1% since May and slightly lower than in November 2013.
Danish and Dutch exports expanding
Tuesday, 23 December 2014
In contrast to last year’s trend, total Danish pork exports were up 2% on the year between January and September 2014. Pork exports to the UK reached just over 81,000 tonnes, 13% more than a year earlier. The Netherlands also increased pork export volumes in, by 7%.
UK pig meat market update out now
Tuesday, 23 December 2014
The January edition of our UK pig meat market update out now
December Pig Market Trends out now
Tuesday, 23 December 2014
The December edition of Pig Market Trends (PMT) is out now. 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 consumer confidence, costs of production, emerging markets and the Spanish pig market.
Pig Market Trends - December 2014 (994.24KB)
EU trade with East Asia strengthens
Friday, 19 December 2014
October figures show a 12% year-on-year increase in EU pork exports, to 170,300 tonnes. This was the highest monthly figure in records back to 2002, highlighting the scale of excess supplies available on the European pig market.
UK herd figures revised down marginally
Friday, 19 December 2014
Revisions to the final Defra June Survey figures do not materially alter the previously recorded trends in the UK pig herd.
UK pig slaughterings jump in November
Thursday, 18 December 2014
Latest November UK clean pig slaughtering figures indicate that there were plentiful supplies on the UK market. The average weekly kill during the month was the highest since December 2000
UK pig prices - week ended 13 December
Wednesday, 17 December 2014
The EU-spec GB SPP for the week ended 13 December continued to fall, this week by 0.81p to 143.84p per kg. This is a fall of over 20p per kg since the peak of the SPP at the end of May.
Will improving economic conditions increase food sales?
Wednesday, 17 December 2014
Read our analysis of latest evidence about consumer confidence and how it may impact on grocery sales
Will improving economic conditions increase food sales (193.86KB)
Feed market update - 17 December 2014
Wednesday, 17 December 2014
Despite May-15 UK feed wheat futures trending downwards throughout most of the week, on Friday fears resurfaced that Russia may lower grain exports in order to help solve its problem of high domestic inflation. On Tuesday, May-15 UK feed wheat futures settled at £139.00/t, up £4.05 on the previous week.
Italian imports increasingly dominated by Germany
Wednesday, 17 December 2014
For the first three quarters of 2014 Italian pork imports were enhanced by product previously bound for Russia being redirected throughout the continent. Imports predominantly came from Germany, with volumes 12% higher than last year.
Spanish growth tempered by falling prices
Tuesday, 16 December 2014
Read our latest analysis of the Spanish pig market.
Spanish growth tempered by falling prices (252.00KB)
Further improvements in physical performance
Monday, 15 December 2014
Latest figures for the physical performance of the GB pig herd paint a mostly positive picture. Sow productivity continued to improve, particularly in indoor systems. Feed efficiency in the rearing herd also improved, while in the finishing herd it was similar to a year earlier, partly due to the heavier finished weights over the last year.
Producer share of retail price falls in November
Friday, 12 December 2014
In November, the producer share of the retail price for pork continued its downward trend and fell to 38%. This is the lowest share since March 2012 and is the result of the biggest month on month fall of farmgate prices this year.
Contrasting trends in UK pork exports and imports
Friday, 12 December 2014
Latest figures published by HMRC show a 2% year-on-year increase in October pork exports. With UK supplies outstripping demand, UK pork imports in October were 6% lower than last year. This was the lowest October figure since 2009 and came despite the record difference between UK and EU pig prices during the month.
More EU pig meat destined for export
Wednesday, 10 December 2014
The latest Prospects report from the EU Commission paints a picture of recovery for EU meat markets in the medium term. Pig meat, as the largest meat sector in the EU, is expected to show some recovery in the short term. With production increasing but domestic demand decreasing, exports have the potential to increase by 20%.
Feed market update - 10 December 2014
Wednesday, 10 December 2014
After peaking last Tuesday, UK feed wheat futures prices have moved lower. The May-15 contract closed at £134.95/t this Tuesday, down by £6 from a week before, when it closed above £140/t for the first time since early July.
UK pig prices - week ended 6 December 2014
Wednesday, 10 December 2014
For the week ended 6 December, the EU-spec GB SPP continued to fall, for the ninth consecutive week, to 144.65p per kg.
Producer margins still positive in Quarter 3
Tuesday, 9 December 2014
Based on AHDB/BPEX estimates, the average cost of GB pig production during the third quarter of 2014 was just under 144p/kg. As a result, despite pig prices falling steadily between July and September, average producer margins remained positive.
Producer margins still positive in Quarter 3 (193.42KB)
EU weaner prices turn the corner
Tuesday, 9 December 2014
The average EU weaner price for the week ended 30 November stood at €36.49 per head, having recovered since the low point in October. Nevertheless, weaners had lost around a third of their value since May and prices reached a three year low, leaving most EU piglet producers in a loss-making position.
EU pig slaughterings up in September
Tuesday, 9 December 2014
Data for September EU pig slaughterings show an increase of 6% on the year. This increase in supply contributed to the continued fall in pig prices which has been apparent since the summer and which accelerated in September.
GB pig herd performance improving
Saturday, 6 December 2014
Latest figures from the annual report on Pig Cost of Production in Selected Countries show the physical performance of the British pig herd is still improving. The report also shows that pig production costs in Great Britain remained higher than most other major producing countries in 2013.
Emerging markets support EU exports
Saturday, 6 December 2014
Russia’s ban on imports of EU pork has undoubtedly had a major impact on the pig market. However, EU pork exports have held up relatively well, partly because of higher exports to a range of smaller markets.
Emerging markets support EU exports but for how long (195.33KB)
UK pig price - week ended 29 November 2014
Wednesday, 3 December 2014
For the week ended 29 November, the EU spec GB SPP fell further by 0.61p to 145.53p per kg.
Feed market update - 3 December 2014
Wednesday, 3 December 2014
May-15 UK feed wheat futures prices closed at £140.95/t on Tuesday (2 Dec), up £5.55/t on the previous Tuesday’s close.
Russian demand drives Chilean pork exports
Tuesday, 2 December 2014
Chile’s pork exports between January and September were down 2% compared with the same period in 2013. However, volumes in the third quarter rose by 19%, as Chile gained from the trade restrictions Russia has placed on the EU, US and Canada.
Global prices falling from record high
Monday, 1 December 2014
This year, global pork prices have reached unprecedented levels. Prices peaked over the summer at about $3.50 per kg, 20% higher than a year earlier. Since then, they have fallen back but, by September, they remained well above the previous peak, at £3.26 per kg.
German pork trade stable
Monday, 1 December 2014
Latest German pork trade figures for January to September show a 1% decline in exports, as volumes fell to 1.27 million tonnes. German pork imports were also little changed from January to September 2013. The live pig trade also remained relatively static overall, with imports moving downwards by just 1%.