According to provisional figures published by BPEX, the cost of pig production increased slightly in November, rising 3p to 147.3p/kg.
The increase was attributed to higher feed costs in recent weeks, but it still leaves the cost of production 14p/kg lower than it was in November 2012, and 26p/kg lower than the peak of 173pkg recorded in january this year.
With rising costs and stable pig prices, the gap between the two has narrowed slightly in November. However, producers are still making positive net margins.
BPEX estimates the return at £19/pig for November, however it makes it clear that we’re still a long way off from recovering the accumulated losses of nearly £110 million racked up since the start of 2011.