Pigmeat

- The upward trend in UK pig prices stalled in early August. In the week ended 2 August, the DAPP peaked at 137.4p but it was slightly lower in the following two weeks. In the week ended 16 August, the DAPP stood at 137.0p/kg dw, 0.6p more than four weeks earlier and 27.2p higher than a year ago. These price levels have only been exceeded in one previous period – in 1996, when the BSE crisis led to a switch in consumer demand away from beef to other meats.

- UK producer prices in 2008 have benefited from the weaker value of sterling against the euro, relatively strong consumer demand for pig meat in the first quarter and tightening supplies since April. More recently, rising European prices have had a positive impact on UK prices. However, poor weather in the UK and limited barbecue demand is likely to have had some negative impact on prices in August.

Source:  PorkWorld

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