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Market Intelligence - News - Jan 2015
EU pork exports down in November
Tuesday, 20 January 2015
Exports of pork from the EU were down on a year earlier in November 2014. As the impasse with Russia remains, Asian markets continue to be the key destination for EU pork.
US production set to boom in 2015
Monday, 19 January 2015
Read our analysis of prospects for the US market in the coming year.
US production set to boom in 2015 (0)
EU pig prices still falling
Monday, 19 January 2015
The close of the year did not bring good news for European pig producers, with continual price drops seen in most of 2014, concluding at an average for 135 per 100kg dw during the 4 weeks ending 28 December. The New Year has brought no change, with prices averaging 131 per 100kg in the week ended 11 January, down 28 on this week last year.
High supplies continue in December
Thursday, 15 January 2015
Latest figures from Defra confirm that UK pigs were in plentiful supply during December.
UK pig prices - week ended 10 January 2015
Wednesday, 14 January 2015
For the week ending 10 January, the EU-spec GB SPP was down 0.74p on the week to 141.70p per kg.
Feed market update - 14 January 2015
Wednesday, 14 January 2015
Having come close to the 140/t mark on 7 January, UK feed wheat futures have since dropped to a 4-week low.
Falling prices fail to deliver sales uplift
Tuesday, 13 January 2015
Despite a fall in average retail prices, the amount of pork bought in the latest 12-week period, ending 7 December, fell by 4% over the year.
Lower prices not pulling in imports
Monday, 12 January 2015
Despite EU prices remaining well below those in the UK, imports of pig meat were again lower than a year earlier in November. UK pork exports during November were 16% down on the same month in 2013 due to some short-term disruptions.
Brazil continues to increase exports to Russia
Monday, 12 January 2015
Total pork exports from Brazil were 21,250 tonnes (5%) lower in 2014 than 2013. However, the end of the year has seen no let-up in the momentum of Brazilian pork exports destined for Russia, as they fill the gap left by banned EU and Canadian product.
A year to forget in 2014 what about 2015?
Friday, 9 January 2015
From a price point of view, 2014 will be a year to forget for pig producers. A combination of factors contributed to the price declines but things could have been worse.
A year to forget in 2014 what about 2015 (0)
Producer price share lowest of year in December
Friday, 9 January 2015
During December of last year, the producer share of the final retail price of pork remained at 38%, only slightly down on the previous month, according to AHDB/BPEX estimates. However, with farmgate prices falling slightly faster than retail prices, the two continued to diverge in December, with the highest percentage difference between them since early 2012.
Industry prospects in focus at AHDB Outlook 2015
Thursday, 8 January 2015
Prospects for the pig sector, along with the other major UK livestock sectors, will come under the spotlight at the 2015 AHDB Outlook Conference in Westminster on Wednesday February 11.
UK pig prices - week ended 3 January 2015
Wednesday, 7 January 2015
At the start of 2015, the EU-spec GB SPP averaged 142.44p per kg for the week ending 3 January, down 1.49p on the week.
Feed market update - 7 January 2015
Wednesday, 7 January 2015
Over the festive period, UK May-15 feed wheat futures peaked at 140.75/t on 24 December, although they fell back to close at 136 on 2 January.
UK pig prices - week ended 27 December 2014
Monday, 5 January 2015
Over the Christmas week, ending 27 December, the EU-spec GB SPP increased marginally to 143.93p per kg, ending an eleven week downward trend to exceed prices of a fortnight earlier.
US pig herd recovery continues
Friday, 2 January 2015
Latest figures from the US Department of Agriculture confirm that the recovery of the US pig industry from PEDv is well underway. The new figures support earlier forecasts of a significant rise in US pig meat production in 2015, which would mean more competition for the EU on export markets.