UK pig prices - week ended 20 December 2014
Although in week ended 20 December the EU-spec SPP fell for the 11th consecutive week, the decline was the slowest during that period, down 0.34p to 143.50p per kg.
Although in week ended 20 December the EU-spec SPP fell for the 11th consecutive week, the decline was the slowest during that period, down 0.34p to 143.50p per kg. The price has now fallen 20p in the last six months. The last time prices fell this much over half a year was in 1997. This time last year, the DAPP was at a near-record 171.41p per kg. The price falls continue to be driven by higher supplies, with estimated GB slaughterings topping 200,000 head for the second week running, a level not recorded for more than a decade. Carcase weights also remain above seasonal norms, although at 80.47kg the average weight of pigs in the SPP sample fell to its lowest level since mid-August. Nevertheless, the smaller fall in the latest week may indicate some pick-up in demand in the run up to Christmas.
The EU-spec APP also continued to fall. For week ended 13 December it stood at 147.54p per kg, down by 0.67p on the week before. This meant it was 3.70p higher than the SPP for the same week.
Weaner prices again followed the falling finished pig market during week ended 20 December, although the trade was relatively thin. The average price for a 7kg weaner was down 60p at £34.68 per head. Although this is slightly higher than the quote for two weeks before, it is nearly £9 down on a year earlier and about £6 below the level seen in much of the first half of this year. The 30kg price also eased down to £46.80 per head, also down about £9 year on year.