Pig producers received a near record share of the retail price in May as farmgate and retail prices both increased.
On average, producers received just over 164p/kg for pigs in May, 3p more than in April. Retail prices increased by a similar amount, putting producers’ share of the retail price at more than 42%. That was the highest share in nearly four years and the second highest on record, according to a BPEX report.
Prices continued to rise in the week to 15 June, with the EU-spec deadweight adjusted pig price (DAPP) up by just over a penny to 166.4p/kg – 17p higher than the same time last year.
“Robust demand for British pork from retailers has maintained strong prices in recent weeks, despite falling EU prices,” said the report. “With the weather improving and continental prices recovering, upward pressure on prices may continue in coming weeks.”
Weaner values were also edging up, reaching £51.94 a head in the week to 22 June. That reflected an easing in feed costs as well as improved producer confidence, it added.
However, cull sow markets were well below last year, averaging £67.34 in the week to 18 June.