UK pig price - week ended 29 November 2014
For the week ended 29 November, the EU spec GB SPP fell further by 0.61p to 145.53p per kg.
For the week ended 29 November, the EU spec GB SPP fell further by 0.61p to 145.53p per kg. This is the eight consecutive week of price decline representing a fall of 10p. Please note, there is one plant missing from the sample this week. The downward trend in finished pig price is a direct result of a continuation in weak demand from the processors in spite of the impending festive season. As such, this is the lowest SPP quotation since the series began. The discontinued EU spec DAPP was last at such a low level in April 2012. AHDB/BPEX estimated slaughterings for the week ended 29 November stood at 189,100 head, 11% higher compared with the same week in 2013 and also stood at its highest so far this year. Carcase weight during the same week fell to 81.98kg, 270g lower the week previous returning to the average of the last week of September. For the week ended 22 November, the EU-spec GB APP fell by 0.83p to 149.78p per kg. In the same week the SPP stood at 146.14p/kg, a difference of 3.64p between the two price series.
The 30kg weaner price for the week ended 29 November, edged down to £48.10 per head. This was a week-on-week change of 13p while throughput was also lower. The weaner market mirrored the decline in finished pig prices, and was £8 below the previous year’s level. Similarly, the 7kg weaner prices also fell during the same week but by a more marked amount. Compared with the week earlier, it fell by almost £2, to £33.29 per head. This was £9 lower than the same week in 2013. Industry reports suggest a dramatic fall in sow prices in the UK last week and this week the German sow price has fallen by 3%.