Pig prices continue to yo-yo
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Agriculture and Horticulture Development Board

Pork Weekly

Latest pig prices and news

12 November 2021

 

In this week's edition

Events | Pig prices | Pig price FAQs | EU slaughter data | Shanghai trade show | National Pig Awards | COP 26 | Australia trade deal | Fewer barbecues in 2021 | More market news | The pork toolbox
 
Pig prices table
 

Upcoming events

8 November – 6 December: Getting to grips with new welfare training
17 November: Cover and catch crops
18 November: Workforce planning: right people, right skills
18 November: Cultivations
25 November: The retail and consumer landscape
9 December: Fit-for-purpose water for pigs (South Yorkshire pig club)

If you use PigPro to keep a record of your training and development, don’t forget to record your attendance at pigpro.ahdb.org.uk.
 

Pig prices continue to yo-yo

The downward pattern of GB finished pig prices continued during the week ended 6 November, with the EU-spec SPP partially recovering from the larger decline last week. At 146.47p/kg, the average price was 1.80p higher than the week before but more than 5p below the five-year average for the time of year.

The volatile pattern reflects changes in the number of low-priced pigs intended for export with minimal butchery in the sample each week. This aside, EU prices have continued to ease in recent weeks, and the large differential between prices here and on the continent continues to drive a general downward trend in the British market.

Carcase weights remain high and averaged 91.76 kg during the week, more than 4 kg higher than a year earlier.
GB pig price graph
 

New deadweight pig price reporting FAQs

We produce three weekly deadweight pig price reporting series. These are:
  • UK reference prices
  • GB Standard Pig Price (SPP) and
  • GB All Pig Price (APP)
You can review our new summary table and quick definitions, or delve into more detail, on our new deadweight pig price reporting page.
Finisher pigs
 

EU pig slaughter similar to last year across July and August

EU pig slaughter for July and August totalled 40.1 million head, virtually unchanged from the same period a year earlier. Increased throughput in the major markets of Spain and Denmark, as well as some smaller producers, balanced out a large reduction in German slaughter.

The number of pigs slaughtered during the first eight months of the year totalled 164.0 million head. This was 2% higher compared with the same period in 2020.

Looking at pig meat production, volumes across July and August totalled 3.69 Mt, again little changed from last year. This brought production for the year-to-date to 15.46 Mt, 3% higher than the first eight months of last year.

These figures largely pre-date the sharp price declines now being seen across Europe. Recent reports generally indicate that supplies are large in relation to demand.
Monthly EU pig slaughter graph
 

Shanghai global food trade show

It was great to be back promoting British meat and dairy with exporters at FHC China this week; the show is one of the industry's leading trade shows.

With the huge market demand of China's food and catering industry, FHC provides an important platform for major multinational companies to enter the Chinese food and beverage market and forms a key part of our work to build our profile with Chinese buyers.

Alongside the main event, we also held a British pork gala dinner (pictured below) in partnership with the Department for International Trade and Food is Great
AHDB export stand at FHC Shanghai trade show
 

National Pig Awards 2021

The National Pig Awards are being held in London in a couple of weeks. The awards recognise and reward excellence, foster innovation and inspire creativity and information sharing. They are exclusive to the British pig industry and AHDB is one of the event sponsors, and responsible for awarding the David Black Award.

This prestigious award recognises the recipient’s invaluable contribution to the pig industry and this year will be presented by the Rt Hon Lord Benyon, Parliamentary Under-Secretary of State at the Department for the Environment, Food and Rural Affairs (Defra).

The event has gone from strength to strength over the years and previous winners have set incredibly high standards for the rest of the industry to follow. If you are interested in attending contact David Tungate by email at
david@lewisbusinessmedia.co.uk or telephone on 01825 725288.

 

COP 26: The race to zero can be joined at any stage

On Tuesday, AHDB’s Head of Environment, Dr Jonathan Foot (pictured), addressed the United Nations Framework Convention on Climate Change (UNFCCC) and the International Organization for Standardization (ISO) on the role of standardisation within measuring carbon.

In this article, he outlines below how, unlike other races, the race to net zero can be joined at any stage. It’s never too late.
Dr Jonathan Foot
 

Australia trade deal

Our latest Horizon report quantifies the potential economic impact of the Australia trade deal on UK agriculture for the first time.

The new report offers in-depth analysis of Australian agricultural production and trade, assessing its potential competitiveness in the UK marketplace, the opportunities for UK agri-food products in the Australian market and how the two countries stack up against each other in terms of size and scale.

The Australia trade agreement is the first the UK has negotiated from scratch, setting the template for a line of new deals currently underway. 
Horizon report - Australia trade deal
 

What was the impact of fewer BBQs this summer?

During the summer, COVID-19 restrictions eased and the foodservice industry re-opened at reduced capacity.

As a result, and with a later-than-usual start to the hot summer weather, the number of barbecues during 2021 declined compared with 2020.

Find out whether this affected the sales of red meat and dairy.
Meat cooking on BBQ
 

More market news

The Chinese pork market has gone cold for UK exporters. Here we summarise the situation in four charts.

With ample supplies and low clean pig prices, sow prices in key EU Member States have fallen sharply since the end of August.

Fertiliser prices continue to climb. The latest data show steep rises in ammonium nitrate prices. We take a look at what’s driving this increase and how farmers can manage costly nitrogen fertilisers.

In July, EU pig meat exports moved clearly below 2020 levels for the first time since December 2018. Shipments for the first seven months of the year were, overall, still 10% higher year-on-year, at 3.5 Mt.

Is bioethanol demand adding fuel to feed grain prices? Recent demand for bioethanol by the USA has been strong. With an average of 36% of USA maize used for ethanol over the past two marketing seasons, strong demand supports Chicago maize prices. This, in turn, strengthens the wider feed grain complex, adding support to UK feed grains.

Download the latest EU pig prices.

 
Support for farmers graphic
 

AHDB Food & Farming Podcast

Have you subscribed to our Food & Farming podcast? We release new episodes every week, which are perfect for listening to on the go or in your tractor cab.
Subscribe button
 
Tool box
 

Advice for farmers and growers regarding coronavirus

Our coronavirus hub contains lots of advice and resources regarding the current situation, including:
 
For more guidance about coronavirus (COVID-19), visit the Government website. If you have any further questions, don't hesitate to contact your regional knowledge exchange representative.

South/Midlands: Patrick Loten  East: Andrew Palmer