Pig prices have reached a new record high, rising by 1.7p/kg over the past fortnight, to an EU-spec deadweight average price of 169.7p/kg.
“Inflated prices across the Continent have influenced producer prices on the UK market,” said a report by BPEX. “Consumer demand is also likely to have been higher following the end of the holiday period.” Values are now 17.8p higher than the same time last year, with 108,725 pigs in the sample at an average carcass weight of 79.69kg.
Weaner prices have also edged up, gaining 45p over the past fortnight to average £54.15 for a 30kg weaner – the highest price since at least June 2010 and 37% more than the same time last year.
However, cull sow values have dropped sharply as Continental supplies have increased. The GB auction average lost 3.55p/kg in the fortnight to 17 September, to a liveweight average of 73.85p/kg.
Throughout August, producers received 42% of the retail price for pork – one point less than the previous month but 2% more than last year, said the report. “Retail expenditure on pork in the 12 weeks to 18 August dipped 1% compared to last year.”