Pig prices trapped below 100p/kg

By Peter Crichton

FINISHED pig prices continue to languish below 100p/kg, leaving many UK pig farmers desperate to find ways of earning the premiums necessary to keep their businesses afloat into the next century.

This weeks prices offer little encouragement and spot quotations are worth only 80-90p/kg deadweight. And analysts say the coming weeks will bring little or no improvement.

The latest Adjusted UK Spec GB price for the week ended 2 May is 94.52p/kg, reflecting the current weakness of demand on the UK market, in spite of the slight weakening of Sterling.

The Pound is currently worth DM2.905 against the Deutschmark, compared with a 10-year high of DM3.100 just a few weeks ago.

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

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