Pig prices improve, but pressure remains

Deadweight pig prices improved marginally this week after 10 weeks of decline, to average 144.92p/kg. That was 8p/kg below the peak in mid-July, but still 5p/kg higher than the same time last year. “The recent trend in the DAPP is consistent with the expected seasonal pattern as demand remains lacklustre while supplies are high,” said a report by AHDB Meat Services.


However, after apparently stabilising last week, weaner prices continued their downward trend, losing 40p in the week to 8 October, to average £39.98 a head – a drop of 95p in the past month and about £5 below the same time last year. “With supplies remaining high and costs of production still well above the level of the DAPP, the price is unlikely to recover quickly.”

Clean pig slaughterings in the UK totalled 765,000 head in August, 6% higher than last year. Sow slaughterings were about 13% higher, at 18,000 head. “Total pig meat production in August was 62,000t, up 5% compared with last year,” said the report. “This brought the total for the year to date to 533,000t, 7% higher than the same period in 2010.”

 

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