Pig Prices (UK Spec)

• UK-spec SPP ↑0.04p to 159.91p/kg (w/e 15 Feb)
• Estimated slaughter ↓ to 175.6k head (w/e 15 Feb)
• UK-spec APP ↑ 0.23p to 161.74p/kg (w/e 8 Feb)

The UK-spec SPP remained relatively steady in the week ending 15 January, only increasing by 0.04p on the week to average 159.91p/kg. Nevertheless, prices remain nearly 25p above the same week in the previous year.

Estimated slaughter continued to fall, dropping back by 1% (1,600 head) compared to last week, to total 175,600 head. Industry reports suggest that though both supply and demand have fallen back, they are pretty well balanced. However, there are still concerns from exporters over how the outbreak of coronavirus could affect the market.

Carcase weights were 150g lighter than last week, averaging 87.17kg.

In the week ending 8 February, the UK-spec APP recorded an increase of 0.23p on the week. In the same week, the SPP recorded a smaller price increase. As such, the gap between the two widened to 1.87p.