UK pig procers recorded a revenue equating to, on common, £19/pig over the last quarter of 2023, as costs squeezed margings barely, in contrast with the earlier two quarters. 

The most recent AHDB quarterly value of manufacturing and margin estimates point out that the total financial value of manufacturing for This fall 2023 was 195p/kg deadweight, precisely the identical determine as recorded in Q3.

Feed prices remained constant at 121p/kg, making up an estimated 62% of whole prices This fall, in contrast with 69% in This fall 2022, when feed averaged 154p/kg and 73% in Q2 2022, when feed prices hit an eye-watering peak of 175p/kg.

Vitality value continued to fall over This fall, in comparison with excessive costs by means of 2022 and the start of 2023, however gas prices rose barely over the quarter, which means general manufacturing prices have been unmoved.

Increased costs have ensured that pig producers have, on common, returned to profitability over the previous three quarters, after 10 successive quarters of detrimental margins and collected business losses estimated to be in extra of £750m.

Pig costs fell by round 8p throughout This fall, with the APP averaging 216p/kg to present a constructive margin of 21p/kg or round £19/pig. This was barely down on the Q2 and Q3 common margins of £22/pig and £25/pig respectively.

Pig costs have proceed to say no steadily into the primary quarter of 2024, though cereal costs have additionally been on track.

These estimates use efficiency figures for breeding and ending herds. Nevertheless, because of adjustments in supplier, the figures for This fall 2023 feeding and breeding herds use twelve-month efficiency knowledge from March 31, 2023.