June Pig Market Trends out now
The June 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:
- Cost of production. Latest cost of production estimates show that pig producers were, on average, back in a loss-making position in the first quarter of 2015. Further analysis of the data now shows that both breeders and finishers are also losing money based on current weaner price levels. Read about the analysis of production costs in more detail in this article.
- Pig prices – lessons from history. GB pig prices have recently dropped to their lowest level in over six years. Among the factors which are influencing price levels are the exchange rate between the pound and euro and the level of retail demand relative to supply levels. Analysis of historical trends in this article looks at how these factors influence pig prices.
- Global prices. Globally, pork prices were exceptionally high in 2014, at least outside the EU. This year, it looks like the opposite will be true. The decline in export prices has also been reflected in domestic prices in many parts of the world. More detail on prices around the world and what they could mean for the EU market can be found in this article.
- Emerging markets. It is now a year and a half since Russia implemented the ban on imports of pork. Despite this, EU exports fared relatively well after the loss of the Russian market in 2014. Increased volumes going to smaller, non-traditional markets were a significant factor in maintaining the volumes shipped. Read analysis of how EU exports to these emerging markets are faring in early 2015 in this article.