UK: Processor concern as pig numbers continue to tighten

Published 2023년 3월 13일

Tridge summary

The SPP (Standard Pig Price) in the UK has increased by 2.04p to nearly 210p/kg, reflecting the ongoing tight supply in the pork market. This increase is due to the continued high demand and limited availability of pigs, with processors facing challenges and attempting to secure more pigs at higher prices. The price trends are similar in major European markets, with increases in France, Ireland, and Spain, while Belgium and Denmark experienced slight decreases. The cull sow price remained steady, showing a year-on-year increase of approximately £1/kg in the UK. The market remains tight with concerns about potential demand surges, as processors grapple with rising costs that fail to match the SPP increase.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Pig numbers remain tight as we approach the end of the first quarter of 2023, with the SPP lifting another 2.04p to nearly 210p/kg last week – a welcome step up from disappointingly small hikes over the previous two weeks, according to Thames Valley Cambac. “With supply still very thin, with little signs of improvements, processors are becoming increasingly concerned, with current shortages, especially if demand starts to pick up as it often does from this period, going from year on year trends,” TVC said in its latest market update. “One major processor added a further 3p/kg in an attempt to secure more pigs – however, this merely brought them more in line. Nevertheless, other inputs increased marginally with some still not even parity to SPP. In a rising market this seems inappropriate given they would be well below the SPP if the trend was the other way!” As for Europe, the big movers where France, Ireland and Spain (up 5.6p, 2.95p, 3.9p respectively) – some prices were down ...

Source: PigWorld