April Pig Market Trends out now
The April edition of Pig Market Trends (PMT) was published on Wednesday.
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 supplies outlook. Latest AHDB forecasts for UK pig meat supplies suggest that production will continue to grow at a similar rate to recent months. With little change anticipated in the balance of trade, unless demand responds to this increased supply, this suggests that pig prices will remain under pressure. This article looks at what the forecasts may mean for the UK market.
- APP and SPP. It is now just over a year since two new pig price series, the APP and SPP, were introduced to replace the long-running DAPP. The gap between them has risen over time from around 2p/kg to closer to 4p/kg. So why has this happened? Analysis of the reasons for the growing gap can be foundin this article.
- Global outlook. According to recent forecasts, pork supplies in 2015 are expected to increase in most major global producers, with the exception of China but global trade is expected to fall. The situation could put further pressure on prices, which have been falling since mid-2014. You can read more about the latest forecasts for the global pig market in this article.
- Private Storage Aid. The current PSA scheme for EU pig meat came into force on 9 March. So far, the scheme appears to have had little impact on the EU pig market. So why has the impact been less apparent than during previous PSA periods? To find out about some of the factors influencing the situation, read this article.