UK pig prices - week ended 22 November 2014
For the week ended 22 November, the EU-spec GB SPP fell by 0.75 to 146.14p per kg. While no seasonal upturn is evident in finished pig prices this year, the rate of decline has somewhat slowed in the latest week; this was the smallest fall in seven weeks. The latest price is now almost 25p lower than the DAPP at the same time last year. The smaller fall in the finished pig price in the latest week came despite estimated throughputs reaching their highest level of the year so far, at 186,500 head. Carcase weights during the week ended 22 November were at their lightest for a month, at 82.25kg, but are still above seasonal norms. For the week ended 15 November, the EU-spec GB APP fell by 1.31p to 150.61p per kg. In the same week the SPP stood at 146.89p/kg, a difference of 3.72p between the two price series.
For the week ended 22 November, the 30kg weaner price fell by £2.41 to £48.23 per head. While this is partly a correction following last week’s rise, the weaner market has not yet shown much of the upturn expected during this time of the year. With this fall, the annual difference widened to around £9, as latest prices remained well below year earlier levels. The 7kg weaner price held up better, as there was only a 13p decline on the week before, to £35.20 per head. This meant the average price for a 7kg weaner market was £8 below a year earlier.