Pig Prices (UK Spec)

The UK-spec SPP maintained momentum in the week ending 8 June, increasing 1.34p to average 145.18p/kg. This is the 9^th consecutive week of price rises. Industry reports suggest there is decent underlying demand for pork at the moment. Indeed pork has been performing better in the retail environment lately, with volume sales up 1% in the year to 19^th May, compared to the previous year.

Supply dropped back by 3,300 head week on week. Estimated slaughter for the week totaled 160,500 head. The average carcass weight also came back slightly, to average 84.76kg. This brings the measure closer to the previous year, but still heavier in comparison. 

In the week ending 1 June, the UK-spec APP increased 0.57p to average 146.69p/kg. The difference between the two prices narrowed once again, and is now 2.85p.