UK pig prices - week ended 19 July 2014
At 161.68p per kg, the EU-spec DAPP fell to the lowest point since April 2013 for the week ended 19 July.
At 161.68p per kg, the EU-spec DAPP fell to the lowest point since April 2013 for the week ended 19 July. Falling pig prices are not unusual at this time of the year, as a factor of subdued demand as we enter the holiday season. This year, this has been combined with lower prices in the main EU member states, including Germany, France and Spain. With the latest quotation, the average price fell further below the previous year’s level, with the gap up to 7p. A 1% year-on-year increase in pig throughputs, at an estimated 165,200 head, added further pressure to finished pig prices. For the first time in four weeks, the average carcase weight increased, to 79.04kg, despite the hot temperatures of late, which may have had some impact on growth rates.
The SPP mirrored the DAPP, whereby prices fell by just over a penny to 161.48p per kg for the week ended 19 July, its lowest level and largest weekly drop since the series started in April. The APP for the week ended 12 July stood at 164.87p per kg, slightly up on the previous week. This meant that the difference between the APP and the SPP for the same week increased to 2.32p.
For the week ended 19 July, the price of a 30kg weaner fell for the second consecutive week to £55.25 per head, following the trend in the finished pig market. This was the lowest price since February this year. The latest price showed a week-on-week decline of 11p but breeders still received around £2 more than for the same week last year. In contrast, the 7kg weaner price edged up slightly to £40.58 per head, rising by around 50p since the previous week. However, the 7kg weaner price was around £2 lower compared with the same week in 2013.