Find out about our work behind the scenes to challenge media misinformation
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Agriculture and Horticulture Development Board

Pork Weekly

Latest pig prices and news

19 November 2021

 

In this week's edition

Events | Reputational challenges | Pig prices | Net margins | Green fuels | Pig Health Scheme assessments | 2022 wall planners | Phillipines export event | More market news | The pork toolbox
 
Pig prices table
 

Upcoming events

8 November – 6 December: Getting to grips with new welfare training
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.
 

Our work behind the scenes to challenge media misinformation

The gathering of world leaders at COP 26 in Glasgow highlights the need for fast progress in the fight against climate change.

But with agriculture being a hot topic in the event’s media coverage, there is a real danger of the public being misinformed about its impact on the environment here in the UK.
AHDB Head of Media & PR, Phil Maiden
Read Phil Maiden's (pictured) recent blog to find out about the hidden work AHDB does to protect the industry against reputational challenges.
 

SPP decline slower in the week ending 13 November

The EU-spec SPP fell in the week ending 13 November to 144.16p/kg, 2.31p lower than a week earlier. Supplies of slaughter-ready pigs continue to exceed available processing capacity, and it remains difficult to identify signs that progress has been made in reducing the backlog of pigs on farm.

In recent weeks, we’ve seen lower prices paid for some batches of pigs destined for markets requiring minimal butchery. Up to this point, alternating weeks seem to have been more strongly affected, with the SPP recording sharper price declines. However, the latest week seems to have deviated from this pattern. The SPP decline this week is smaller, indicating fewer of these pigs coming through.

Continued low prices in the EU are also playing an important role in driving price declines here, so prices would be expected to fall in any case.
GB finished pig prices graph
 

Net margins remain negative for pig producers

Estimated GB pig production costs in the third quarter fell slightly to 178p/kg, having posted a record 182p/kg in the previous quarter, according to our latest estimates. However, compared with the same time last year, Q3 production costs were still 20p/kg higher. Feed costs remain high, with little sign of respite coming soon.

The APP averaged 163p/kg in Q3, 9p/kg higher than in the second quarter. However, finished pig prices have declined since then, so profitability is only likely to have been challenged further.

On average, pig producers continue to be in a significant loss-making situation. Estimated net margins stood at -15p/kg (or -£13/head) in Q3 of 2021, meaning negative margins for four quarters in a row. These latest estimates imply an unsustainable financial position for many British pig producers.
Estimated net margin graph
 

Green fuels for the agricultural sector

Many fuels can be used as alternatives to petrol or diesel, such as biofuels, gases and other combustible chemicals and agriculture is a viable source of ammonia, methane and hydrogen.

As agriculture moves towards becoming net zero by 2050, here we look at some of the opportunities green fuels such as ammonia, hydrogen and methane provide.
Anaerobic digester
 

New Pig Health Scheme assessment dates announced

As a result of COVID-19 and the increased pressure that plants and assessors were facing, we temporarily suspended Pig Health Scheme assessments in 2020.

We are pleased that assessments in a small number of abattoirs have been able to recommence, and we will continue to review the situation on a weekly basis.
Abattoir assessor
Assessments are currently being carried out at Cranswick Country Foods (Norfolk) and Pilgrims (Spalding). You can find assessment dates on our website, along with more information about the Pig Health Scheme.

If you have any queries or concerns, please get in touch with one of our team:
E: PHS@ahdb.org.uk T: 07717 496201
 

2022 wall planners hot off the press

Our wall planner is always popular, and the 2022 edition is hot off the press.

As usual, it incorporates colour coding to help keep track of regular tasks and space for you to record staff holidays, training and key events.

Request your free copy.
2022 wall planner
 

B2B export event with Filipino importers

Yesterday, we hosted a virtual business matchmaking event with 11 leading Filipino pork exporters.

Presentations on the British pork sector, including our high production standards, traceability and safety controls though the supply chain, were followed by individual meetings between British exporters and Filipino importers.

In 2016 and 2018, we led missions to Manila to showcase pork to the market and, while travel remains restricted, the virtual event was a great way to showcase British pork and engage with the market.

In 2020, the Philippines imported a total 183,500 t of pig meat, of which 55% was offal. Find out more about the Philliine market.
 

More market news

UK clean pig slaughter numbers were similar to both the previous month and year-earlier levels in October, totalling 950,500 head. This was 3.5% down compared with October 2020. However, this small decline will have been influenced by one fewer weekday in the month.

The UK and India are due to start negotiating a free trade deal. Here, we consider the implications for agriculture.

Continental meats accounted for 15% of the value and 12% of volumes of sliced cooked meat sales over the last 52 weeks ending 5 September 2021, according to Kantar.

Looking more closely at the volatility of the SPP over the past six weeks shows that lower prices have not entirely been driven by heavier pigs. Price volatility was also seen across the weight bands, indicating that lighter pigs have also been part of low-priced batches.

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