UK pig prices - week ended 21 June 2014
The EU-spec DAPP for the week ended 21 June fell for the second consecutive week to 163.71p per kg, only slightly lower than a week earlier.
The EU-spec DAPP for the week ended 21 June fell for the second consecutive week to 163.71p per kg, only slightly lower than a week earlier. The start of the seasonal decline has come early this year, before the typical summer peak. Although the favourable weather as of late could see barbecue demand pick up, consumer demand overall remains subdued, particularly for fresh pork. At the latest quote, finished pig prices were nearly 4p below the 2013 level for the same week. Supplies were relatively plentiful during the week as the estimated weekly slaughterings totalled 169,400 head, up 8% year on year. Carcase weights during the week edged down to 79.11kg, but remained slightly above year earlier levels.
The latest APP for the week ended 14 June moved down marginally to 165.80p per kg. While the APP remained somewhat above the DAPP, the difference was smaller compared with some previous weeks.
For the week ended 21 June, the 30kg weaner price fell back to £55.89 per head, almost £1 lower on a week earlier. Industry reports suggest a slight increase in supply, which is likely to have added some pressure on the price. However, the latest weaner price remained almost £4 above the previous year’s level. Similarly, the 7kg weaner market edged down to £40.75 per head. This was around £1.20 lower compared with the previous week, reversing recent upward movements.