November Pig Market Trends out now
The November edition of Pig Market Trends (PMT) was published today. This month’s issue includes detailed articles on the UK-EU price gap and imports, global market outlook, international costs of production and EU economic forecasts.
The November edition of Pig Market Trends (PMT) was published today. As well as the usual summary of developments in the UK and EU pig markets and the global feed market over the last month, this month’s issue includes more detailed articles on:
- UK-EU price gap and imports. This year, the gap between UK and EU pig prices has risen to unprecedented levels. This might have been expected to lead to a surge in pig meat imports but they were only up 4% in the first three quarters of the year. It might also have led to a fall in exports as they struggled to compete on price; in fact, exports are up 11% for the year to date. So is the UK market now immune to developments in the rest of the EU? This article answers this question and further analyses how price levels affect import and export trends
- Global outlook. According to the latest forecasts published by the USDA, global pork trade is likely to recover in 2015, after declining for two consecutive years. Forecasts suggest a 4% increase in shipments from the main global exporters next year. This article covers prospects for the pig market over the coming year in key importing and exporting countries.
- International costs of production. Latest figures from InterPIG, an international group of pig economists, show that pig production costs in Great Britain remained higher than in most other major producing countries in 2013. Since 2013, feed prices have fallen across Europe. However, EU pig prices are also much lower than in 2013. This article looks at the implications of these trends for the profitability of producers in GB and the rest of the EU.
- EU economic forecasts. Economic growth in the EU as a whole is likely to remain weak for the next two years, according to the EU Commission’s autumn economic forecast. This article looks at how this is expected to affect consumer demand, meaning shoppers will still favour cheaper meats and cuts.
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