Sunny

Sunny

max temp: 7°C

min temp: 2°C

ESTD 1874 Search

Peter Crichton’s Pig Commentary

16:00 16 February 2014

gb 014 Peter Crichton10

gb 014 Peter Crichton10

Demand has remained somewhat calmer than the weather with most pigs traded at or around stand on levels, although contract prices have drifted downwards in sympathy with the DAPP, which dropped by 0.6p and now stands at 165.2p.

shares

The spot market is not a place for the fainthearted with a fairly wide range of prices on offer and most spot bacon sold at or around 157p/kg, but non-Farm Assured pigs were trading at a 10p – 15p/kg discount and regular spot supplies of Farm Assured pigs were in some cases breaching the 160p/kg barrier.

Although February is often a difficult month for sellers, it is mercifully the shortest one on the calendar and with reports of relatively tight supplies of UK pigs, there are signs that demand could improve in the next 4 – 6 weeks reflecting this.

EU mainland pigmeat prices are still presenting a significant challenge with reports of Belgium carcasses available on a delivered basis to the UK ex head and feet at 145p/kg, which represents a discount of up to 30p/kg compared with the UK product.

The pigmeat import / export balance has not been helped by a stronger pound which saw the Euro falling in value by 1.3% trading on Friday worth 81.96p.

Despite currency fluctuations, cull sow sellers were relieved to note that the recent decline in prices seems to have levelled out with abattoirs quoting at positive stand on levels of around 98p/kg and the odd copper extra available in places, according to spec.

Spot weaner buyers are also starting to wake up to the fact that there are very few spare pigs out there and with feed costs at current levels profit margins are available, providing finished pig prices stay at current or improved levels in the weeks ahead.

As a result, the latest AHDB 30kg ex farm weaner average stands at £56.38/head with 7kg piglets traded at £41.32/head, but in both cases good quality Freedom Food weaners and piglets are worth a significant premium.

Feed prices are continuing to reflect generally static trends with ex farm feed wheat quoted at £149.80/t on a spot basis and futures quotes on the LIFFE market for March wheat holding at £151.25/t and longer months saw July traded at £155.75/t, but November significantly lower at £147/t.

In the proteins sector Soya is trading at just under £400/t and rape meal at £248/t, which are also showing a slightly easier trend than previously.

And finally, producers have been refreshed to see that the DAPP is continuing in its present form, despite Cranswick and Karro no longer contributing their figures. We still have a reliable index price as a benchmark for the industry as a whole, not forgetting that the UK like all other EU countries are required to submit a weekly reference price to Brussels, which is another reason why it makes sense for the DAPP to be retained rather than being replaced by anything else.

shares

0 comments

Work has started in Colchester to clean up the chewing gum on the streets.
L-R Lee Western,Cllr Beverley Oxford,Cllr Tim Young,Cllr Bill Frame.

Streets in central Colchester are being deep cleaned in a bid to free them of chewing gum.

Firefighters tackled a small blaze at an address in Lavenham

Firefighters tackled a large fire tonight which was in danger of spreading to a nearby bungalow.

Remnants of what is thought to be an 18th century ship found by Mark Hopkins on Thorpeness beach

Remnants of a what is thought to be a centuries-old shipwreck have resurfaced on the Suffolk coast.

A120 closed after serious crash.

Long Green, off the A120 at Galleys Corner in Braintree, is closed following a serious crash this evening.

The accident happened on the A12 at Chelmsford

All lanes have now reopened on the A12 at Chelmsford following an accident in which a man died this morning.

Rollerworld Colchester

A casting call to recruit keen skaters for a music video at Colchester’s iconic rollerblading venue has received 60 responses in just 24 hours.

A collision on East Mersea Road between a bus and a low-loader lorry which was carrying a steam engine.  Photo: Su Anderson

A bus driver who was critically injured in a crash involving a lorry carrying a 15 tonne steam engine told emergency teams to leave him and help his passengers instead.

Most read

Fred Olsen Travel Sale

cover

Click here to view
the Fred Olsen
Travel Sale

View

Most commented

HOT JOBS

Show Job Lists

Topic pages

Streetlife

Great British Life

Great British Life
MyDate24 MyPhotos24