Pig Prices (UK Spec)

The UK-spec SPP rose by 0.21p in the week ending 17 June to 159p/kg, as supplies have been reported to have further tightened. This price rise continues the rally that has recorded price levels not seen in three years, and more than 40p higher than the equivalent week in 2016.

GB slaughterings confirm the tighter supply situation. For the week ended 17 June they were estimated at 161,100, down by 4,200 compared with the previous week’s figure, and the lowest throughput since Easter. Compared to a year earlier they were down by 6,600 head or 4%. Carcase weights ended the week at 84.20kg.

In week ended 10 June, the UK-spec APP recorded a rise of 0.45p to stand at 162.17p/kg. The increase in the APP was lower than that in the SPP, and so the gap between the two series narrowed slightly to 3.38p after having widened during the two previous months. The average probe measurement again fell, to 11.0 mm, and was down as much as 0.3 mm compared with a year earlier.