Platts to launch Spanish Pork Feed Cost Indicator from Nov. 2

Platts, part of S&P Global Energy, will launch a daily Spanish Pork Feed Cost Indicator, effective Nov. 2, 2026.

The calculation will compare the cost of key Spanish feed ingredients with the Platts Spanish pork belly assessment. It is intended to provide a transparent indication of the relationship between feed costs and pork belly values.

This launch was first proposed in a subscriber note on Sept. 17, available here.

The following existing Platts assessments and respective weightings will be used:

Feed basket

• 30% -- Soybean Meal ex-works Tarragona (SMESE00)
• 70% -- Corn EXW Tarragona (CESEU00)

Pork Cuts basket

• 15% -- EU Pork Marker (EUPML00) -- Frozen pork belly, boneless and skinless, FCA Barcelona
• 25% -- EU Pork Marker -- Pork loin, Boneless, skinless, IVP, fresh, FCA Barcelona
• 20% -- EU Pork Marker -- Pork shoulder, 4D boneless, skinless, IVP, fresh, FCA Barcelona
• 40% -- EU Pork Marker -- Pork leg, 4D boneless, skinless, IVP, fresh, FCA Barcelona

The calculated indicator will be as follows:

Spanish Pork Feed Cost Indicator (%) = ([(Corn × 70%) + (Soybean Meal × 30%)] / [(Belly×15%)+(Loin×25%)+(Shoulder×20%)+(Leg × 40%)]) * 100%

The result will be published as a percentage, with a higher percentage indicating feed costs represent a greater share of pork belly value, while a lower percentage indicates feed costs represent a smaller share of pork belly value.

The calculation will reflect the relationship between assessed feed and pork prices at the time of publication, at 1630 London timestamp, and follow the Platts London publishing schedule.

Please send any comments, feedback, or questions to Platts_AgricultureandFood@spglobal.com, copying pricegroup@spglobal.com.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.