By Peter Crichton
BREEDING pig companies are reporting cancelled orders as farmers either quit the industry or cut back on costs by using farm saved gilts.
The outlook on the finished pig market appears bleaker by the day with the threat of extra unwanted contract pigs looming and the spot market looking increasingly fragile.
Recent auction market prices show all weights falling to 58-65p/kg. Most deadweight quotes are as low as 76-84p/kg according to weight. The average 70kg carcass is now worth just £53 after deductions.
The All-Average Pig Price remains slow to match the big falls on the spot market but it too is falling. The AESA (UK) price was just 89.16p/kg for the week ending 4 July.