UK pig prices - week ended 24 May 2014
The EU spec DAPP for the week ended 24 May was almost unchanged at 164.29p per kg compared with the previous week.
The EU spec DAPP for the week ended 24 May was almost unchanged at 164.29p per kg compared with the previous week. As a result prices have now converged with last year. The price last week was even marginally lower than a year earlier and the first time there has been a year on year decline since August 2012. Tight supplies helped stabilise prices, with weekly slaughterings estimated at 152,000 head, around 6% lower on a year earlier. The average carcase weight fell further to 79.82kg for the week ended 24 May. However pigs were still around a kilo heavier compared with the same week in 2013. The average weekly probe reached 11mm for the first time since early April. In the week ended 17 May, the APP increased by 0.56p to 166.38p/kg, when it was 2.15p higher than the DAPP for the same week.
The weaner market edged up by 32p to £56.53 per head for the week ended 24 May in spite of reported high supplies. This was second week in succession that prices increased. The weaner market though reflects some lack of producer confidence given the subdued finished pig market so far this year compared with 2013 when confidence was rising. However, breeders still received £7 per head more in the latest week compared with 2013. The weekly average for a 7kg weaner was almost unchanged at £41.07 per head, a continuation of the sluggish market evident since the start of the year.