Pig feed prices in the UK continue to fall, yet feed production slow

Published 2024년 11월 14일

Tridge summary

Defra's GB compound pig feed prices have seen a 25% drop since their highs in 2022, reaching £295/t in Q2 2024, which is £100/t lower than the same quarter in 2022 but 15% higher than Q2 2019. This decrease in feed prices has contributed to an increase in net margins for GB pig production, with estimated margins at £19/head in Q3 2024. Despite this, GB pig feed production continues to decline, being 3% lower year-on-year in Q3 2024, showing a consistent trend of decrease over the past three years.

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

Original content

Defra’s GB compound pig feed prices have fallen 25% since 2022 highs. In the latest Q2 2024 data (April to June), Defra recorded a compound pig feed price of £295/t, exactly £100/t lower than the same quarter in 2022. Yet prices remain 15% above the same quarter in 2019, demonstrating the overall effect of agricultural inflation which has seen farm input prices increase 44% between December 2019 and May 2024. We can compare compound price movement to the cost of raw materials in the ration, to understand price direction going forward. Figure 1 compares Defra’s GB compound pig feed price against a weighting of the main GB ration feed ingredients wheat, barley, maize, oilseed rape cake/meal and soya cake/meal using AHDB GB animal feed data. Both time series are indexed to 2019 as a base and compare change over time. Overall, we can see similar movements over time. Though interestingly, the average of the GB weighted ration was back 33% (£113/t) in Q2 from the same period in 2022, to ...

Source: Ahdb