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UK pig prices start to rise

More encouraging signs within the UK pig market as pig prices continued their upward movement during April and pig meat production remained ahead of last year during the first quarter.

UK pig prices continued to move ahead during April after a difficult period during January and February difficult months, and the DAPP broke through the 145p mark as the month drew to a close.

This move will have been welcomed by many producers as the costs of the main feed raw materials maintained the higher levels established from the turn of the year. The results of the BPEX Confidence Survey also suggested that there was growing optimism among pig producers.

Household purchasing data from Kantar showed that consumption of processed pig meat products performed strongly in the first three months of the year, although sales of fresh pork struggled to remain at 2011 levels.

Household purchases of pork and pig meat products
Jan – Mar : % vol. change 2012 vs 2011

Fresh Pork - 3.7%
Bacon + 1.7%
Sausages + 1.4%
Sliced Cooked Meats + 3.5%
  

Source: Kantar Worldpanel