February 8, 2008

UK swine herd contraction continues

The Meat and Livestock Commission analysts have reported further contraction in the UK pig breeding herd as estimates now suggest a total decline of 400,000 head forecast this year. , although they say the decline could be greater if there is no real improvement in producer prices.

As well as continuing high feed prices, producers are facing additional legislative burdens that will add to their costs. And, with pig meat production forecast to be lower this year, the UK will need to import more pork than in 2007 to maintain consumption, says MLC.

The weak pound, which is currently making imports more expensive, is providing some benefits but it's not likely to halt the trend if home supplies dwindle.
 

The latest UK pig meat supply forecasts presented in the January edition of Pig Market Trends, said producers have gravely suffered for the soaring feed costs in 2007.