Pig Price Plunge

31/01/11 -- Despite soaring feed prices, EU and UK pig prices continue to fall off a cliff. At home, spot prices were down to 123p/kg last week, down 10p/kg since the first week of January following the outbreak of the dioxin scare in Germany.

In a visit to my local butcher at the weekend he told me that he was now buying pigs at £61/head when they were commanding over £100/head before Christmas.

It seems that Europe is simply awash with pigmeat as producers cut back on numbers.

Feed wheat at GBP200/tonne, soya at GBP300/tonne and pigs at £61/head plainly doesn't compute. Payback time lies ahead.