20 March 1998

Pig margins slump

FINISHED pig gross margins in the six months to Dec 1997 were the lowest since 1993, at £8.68 a pig, according to consultants Signet. Sales returns were £15-20 a pig lower than 1996; higher stock valuation and reduced feed costs softened the blow. Although deadweight prices have risen recently by 7p/kg, the MLC forecasts a slide after Easter, so predicts no change or a slight drop in this years first half figures. &#42