In this file:
· Analyst Explains Why EU Plays a Big Role with China's Pork and ASF
… Close says 70 percent of the pork imports into China are currently coming from the European Union...
· EU pig prices on the move
… sizeable percentage increases in prices were Denmark, up 6.2%, Germany 10.7%, Spain 8.5% and the Netherlands 9.5%...
· Save our bacon! Price of pork produce rockets 38% in four weeks as African swine fever wipes out a fifth of China's pigs
… York-based procurement firm Beacon said it is likely prices will continue to rise with an increased demand facing European suppliers…
Analyst Explains Why EU Plays a Big Role with China's Pork and ASF
By Betsy Jibben, AgDay TV, National Reporter
via AgWeb - April 11, 2019
The lean hog markets are seeing huge swings the last couple of trading sessions. Lean hogs opening in the green during Thursday’s trade session as well.
There are a lot of factors as to why the market has fluctuated. There is an outbreak of African swine fever reported in South Africa this week. In addition, the National Pork Producers Council is cancelling the 2019 World Pork Expo as a cautionary measure to prevent the spread of ASF.
One analyst says there are other reasons driving the market too. One reason is a redistribution of hogs in the United States, especially with the new additional plant in Iowa.
“There are a lot of hogs that were initially programmed to go to that plant that had been in the open market that were pulled off once they started processing,” said Don Close, Senior Animal Protein Analyst with Rabo Agri Finance “That combined with the building and pent up energy with the uncertainties with China, when those two factors arrived at the same time, was the stimulus for the earlier than expected rally in hog prices.”
Close says 70 percent of the pork imports into China are currently coming from the European Union...
more, including video report [2:12 min.]
EU pig prices on the move
By Simon King, Pig World (UK)
April 11, 2019
The EU pig price continued increasing during March with the reference price increasing €6.70 to average €142.62/100kg. The EU-28 price was €150.01/100kg in the week ended March 31, the highest weekly price since the beginning of September 2018.
Price increases were seen in most countries over the last four weeks with the largest increase in actual terms seen in Poland, up €20.90 to €149.73/100kg. Other nations reporting sizeable percentage increases in prices were Denmark, up 6.2%, Germany 10.7%, Spain 8.5% and the Netherlands 9.5%.
AHDB analyst Jennie Tanner said: “Compared with a year earlier, the EU average reference price is 4% higher, or €5.11/100kg, with reductions in some countries countered by even stronger prices elsewhere. Most notable are a 7.2% increase in Germany and an 8.8% increase in Denmark...
more, including chart
Save our bacon! Price of pork produce rockets 38% in four weeks as African swine fever wipes out a fifth of China's pigs
Prices are expected to rise due to increased demand facing European suppliers
Comes after deadly viral disease began affecting hogs on farms in East Asia
There was an 18% increase in the price of bacon from February to April this year
By Rory Tingle For Mailonline (UK)
9 April 2019
An outbreak of African swine fever in China could send the price of pork and bacon soaring over the coming months, a British company has warned.
York-based procurement firm Beacon said it is likely prices will continue to rise with an increased demand facing European suppliers.
It comes after the deadly viral disease began affecting hogs on farms in East Asia last year after it was first detected in China in August.
Beacon said its supplier, Bidfood, has found that throughout 2019, German and Dutch bacon suppliers have seen a huge uplift in orders from China.
There was an 18% increase in the price of bacon from February to April this year, according to Bidfood, Beacon said, and the market price of pork has risen by 38% in the last four weeks.
The company also said another of its suppliers, Brakes, suggested that 30-50% of Chinese pig farms have been affected by the outbreak, which has increased pig prices around the world.
Ben Charles, of Beacon, said: 'Brexit has been a driving force behind the price of pork throughout the first quarter of 2019, but the outbreak of African swine fever has mounted pressure on the market.
'The current increased demand that faces European suppliers makes it increasingly likely that prices will continue to rise throughout the rest of the year.
'Beacon will work closely with its leading suppliers to monitor these increases to ensure that demand does not outstrip supply and to mitigate price increases as much as possible'...