UK pig prices - week ended 11 October 2014
The EU-spec GB SPP resumed its downward trend, falling to 153.98p per kg for the week ended 11 October. This was almost 2p below the level a week earlier, with post-DAPP contract changes still adding volatility to the price.
The EU-spec GB SPP resumed its downward trend, falling to 153.98p per kg for the week ended 11 October. This was almost 2p below the level a week earlier, with post-DAPP contract changes still adding volatility to the price. Pig growth over the last few months has been positive, meaning heavier pigs at slaughter, and supplies of pigs are generally rising in at the same time, although the slaughter estimate for the latest week was below last year’s level. This increased supply has contributed to finished pig prices remaining sluggish. The record gap between UK and EU prices also continues to have a part to play. The average carcase weight for the week ended 11 October was almost unchanged from the previous week, at 82.04kg. The probe measurement reached 11.5mm, the highest since the start of the year.
For the week ended 4 October, the GB APP rose marginally, by 0.30, to 158.44p per kg. During the same week, the SPP also increased slightly, to 155.62p per kg, maintaining a difference of almost 3p between the two price series.
For the week ended 11 October, the 30kg weaner price came down by 20p on a week earlier, to stand at £48.97 per head. This was partly due to some increase in quantities traded, according to industry reports. This meant the 30kg weaner price was over £5 lower than the same week in 2013. There was a similar trend in the 7kg weaner market, whereby the weekly average fell to £37.58 per head. This was a 30p change on the week before and £4 down on the same week last year.