£500m lost by the British pig sector in one year and a half
The British swine industry lost almost half of billion pounds in the last year and a half due to elevated costs in production. The latest AHDB quarterly cost of production and margin estimations reveals that the full economic cost of production for 2022 Q1 has risen to an estimated average of 207p/kg deadweight, with pig margins per slaughter pig estimated at -£58 per head. "With feed, energy and fuel costs increasing throughout the period, this average masks that by the end of March the estimated cost of production reached up to 216p/kg deadweight. With feed prices continuing to rise, and no indication that they will be dropping anytime soon, the full economic cost of production is estimated to reach 230p/kg deadweight by April, assuming the same performance as for the 12 months ending 31 March 2022," explained Carol Davis, AHDB lead analyst farm economics.
With pig producers experiencing negative margins since October 2020, it is estimated (based on the total pig slaughter numbers to April 2022) that the industry has lost over £500m since October 2020, she added.
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