Compound pig feed production rising again
UK compound pig feed production in the third quarter of 2015 was 4% higher than in the same period last year, at 467,000 tonnes, according to latest figures released by Defra.
This resumes the upward trend which has been apparent for most of the time since 2010 but which seemed to have stabilised earlier this year. The growth in the latest quarter was mainly due to a 9% rise in grower feed output and a 3% increase for finisher feed, suggesting more pigs were being fed. This is consistent with latest production forecasts, which anticipate further pig meat production growth in the coming months. Only slightly more breeding pig feed was produced than a year before, consistent with a broadly stable breeding herd. The latest release also shows that the average price of compound pig feed was similar to the previous quarter at £237 per tonne.
Overall production of compound animal feed was 5% higher, with poultry feed rising particularly quickly, up 13%, while less ruminant feed was produced. With 2016 harvest supplies becoming available during the quarter, there was a shift in the ingredients used within feed. In terms of cereals, increased use of wheat (up 9%) displaced other grains, with barley use down 11% and maize down 7%. There was a similar pattern for proteins, with 13% more soya meal used at the expense of rape meal (-10%) and sunflower meal (-12%).