UK pig sector closer to profitability in Q1

While margins were still negative, improving pig prices and feed costs moved the sector much closer to profitability.

The UK pig sector endured its 10th successive quarter of negative margins over the first three months of this year, but improving pig prices and feed costs saw it move much closer to profitability.

The latest net margin figures from AHDB showed the full economic cost of production for Q1 2023 was estimated at 213p/kg deadweight, slightly higher than the average price over the period, resulting in average losses of £1/head.

While this means the run of negative margins since Q3 2020 continues, it was a notable improvement on successive 2022 margins of -£58, -£52, -£23, and -£17.

The Q1 figures estimated that the cost of production fell by 11p/kg from the Q4 2022 figure of 224p/kg.

May 24, 2023/ National Pig Association/ United Kingdom.
http://www.npa-uk.org.uk

Article Comments

This area is not intended to be a place to consult authors about their articles, but rather a place for open discussion among pig333.com users.

Leave a new Comment

Access restricted to 333 users. In order to post a comment you must be logged in.

You are not subscribed to this list pig333.com in 3 minutes

Weekly newsletter with all the pig333.com updates

Home

Markets-EconomicsNews

UK: Lowest pig inventory in a decade drives increased pork imports

UK pork production continues to be impacted by the market conditions of the past two years as domestic supplies remain tight.

Home

HealthNews

UK sales of veterinary antibiotics reach lowest ever level

Sales of antibiotics for use in food-producing animals fell by 9% last year and have reduced by 59% since 2014.

Home

Markets-EconomicsNews

UK pork exports hit eight-year low

Reduced production, higher pig prices, and lower consumer demand has led to a challenging trading marketplace for pig meat in the UK.

Home

Markets-EconomicsNews

UK: New border controls to protect against biosecurity threats

The Border Target Operating Model sets out new controls to better protect the UK against security and biosecurity threats and create a world-class border system for trade in goods.

Home