Overcast

Overcast

max temp: 9°C

min temp: 5°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

Mark Bee and his deputy Lisa Chambers at Endeavour House in Ipswich after they saw off last year's challenge to their leadership.

Conservative councillor Mark Bee is to step down as leader of Suffolk County Council after four years in the role.

Voting isn't the only form of political engagement

The ideological machine that is meant to serve us has gone wrong and is tyrannising us, but that doesn’t mean we should boycott the ballot box

Suffolk has an ageing population - but can we cope?

Dramatic increases in the average age of people in Suffolk have been highlighted in a report which reveals that in some areas nearly one in 10 are expected to be aged 85 or over in the next two decades.

Damage to overhead wires between Diss and Stowmarket - photo courtesy of Greater Anglia

Rail users face an afternoon and evening of severe delays on routes between Norwich and London, after high winds caused damage to overhead power lines between Stowmarket and Diss.

There is the potential for sweeping changes at Braintree District Council come election day – though in practice that is unlikely to happen.

Klaudia Sokolowska

Police are searching for a 14-year-old girl in Felixstowe who has gone missing for the third time in three months.

Hunting for eggs

Will you be feeding the newborn lambs at The Museum of East Anglian Life, trying your hand at archery at Ickworth House or hunting eggs at The Middy’s Steam up this weekend?

Princess Anne meets Livability Treetops Service Manager Janet Bilton during her visit to Livability Treetops in Colchester on Tuesday.

The Princess Royal flew in to Colchester today as part of her work supporting a disability charity.

Firefighters were called to the house fire

Firefighters were called to a house fire in Stowmarket this afternoon.

Fears over future of probation service in Suffolk and elsewhere in East Anglia

Criminals jailed for up to a year could be supervised over the phone and use kiosks to report to the probation service electronically once they are released back in the community.

Most read

Most commented

Topic pages