Pig prices declined steadily throughout the first quarter; the EU-spec APP stood at 143p/kg, the lowest since 2016. Meanwhile, the average GB finished pig production cost remained at 156p/kg. This was the same as the second half of 2018, and the highest level since 2013 before this. Compared to the same period last year, costs were 12p/kg higher.
Due to falling pig prices, producer margins worsened in the first quarter of this year. The latest AHDB estimates suggest that, on average, producers were losing £11 per pig sold (-13p/kg). This is the most significant loss-making period since Q3 2012.
Thursday June 27, 2019/ AHDB pork/ United Kingdom.