UK pig prices - week ended 10 May 2014
The EU-spec DAPP edged up to 164.01p per kg for the week ended 10 May, up 0.11p on the week before.
The EU-spec DAPP edged up to 164.01p per kg for the week ended 10 May, up 0.11p on the week before. This was the highest finished pig price since mid-February. This came despite the short week for the Bank Holiday but demand may have been boosted by the favourable weather conditions. However, despite the latest uplift, the annual gap has continued to narrow, with the DAPP currently only 1p higher than the same week in 2013. The weekly throughput estimates from AHDB/BPEX dropped to 149,000 head due to the Bank Holiday. This was only 1% lower than a year previously but was a week-on-week decline of almost 10,000 head. This was the lowest weekly kill since the week including New Year’s Day, indicating supplies remain relatively tight. Carcase weights during the week edged down to 80.02kg, still up nearly a kilo compared with the same period in 2013.
The GB APP for week ended 3 May was up 0.20 to 165.77p/kg. This was 1.9p higher than the DAPP for the same week. As it is now just over a month since the APP was first published, it is clear that, for now at least, it is higher than the DAPP, with the gap ranging between 1.2 and 2.2p/kg so far.
For the week ended 10 May, the 30kg weaner price dropped by around £2 to £55.53 per pig. This reflects some week-on-week volatility in the reported price, with the market still broadly stable overall, in contrast to the normal seasonal trend for rising prices at this time of year. This meant that breeders received £6 per pig more compared with the same week in 2013. In contrast, the 7kg weaner price edged up to £40.38 per pig but remained below January levels, when prices were around £43 per pig.