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Record one-day dw price drop for pigs

07 August 1998
Record one-day dw price drop for pigs

By Peter Crichton

DEADWEIGHT pig prices have suffered their biggest one-day drop this year. The Average Euro-Spec Average sliding by 4.28p to stand at just 77.99p as at 1 August.

Spot prices, however, are showing some signs of a recovery. Many auction markets saw prices climb by 2-4p over the past week.

End of week deadweight quotes were also a touch firmer due to better export demand helped by the announcement of a 20p/kg export refund for consignments to non-EU countries.

As a result, bacon pigs are quoted at 60-64p/kg deadweight, compared with 56-60p/kg last week.

But traders warn that the export situation could develop into a case of “head they win, tails we lose”. Export demand could slip back again if prices rise much beyond current levels, they say.

  • Pig buyers set to cut and run?, FWi Markets, today (7 August)
  • Peter Crichton is a Suffolk-based pig farmer offering independent valuation and consultancy services to the UK pig industry
    • Read more on:
    • News

    Record one-day dw price drop for pigs

    By Peter Crichton

    DEADWEIGHT pig prices have suffered their biggest one-day drop this year. The Average Euro-Spec Average sliding by 4.28p to stand at just 77.99p as at 1 August.

    Spot prices, however, are showing some signs of a recovery. Many auction markets saw prices climb by 2-4p over the past week.

    End of week deadweight quotes were also a touch firmer due to better export demand helped by the announcement of a 20p/kg export refund for consignments to non-EU countries.

    As a result, bacon pigs are quoted at 60-64p/kg deadweight, compared with 56-60p/kg last week.

    But traders warn that the export situation could develop into a case of “head they win, tails we lose”. Export demand could slip back again if prices rise much beyond current levels, they say.

  • Peter Crichton is a Suffolk-based pig farmer offering independent valuation and consultancy services to the UK pig industry
    • Read more on:
    • News
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