UK pig prices - week ended 4 October 2014
For the week ended 4 October, the EU-spec GB SPP edged up by 0.41 on a week earlier, to 155.62p per kg. This increase came despite industry reports indicating ongoing weak demand and is probably the result of changes to some contracts following the end of the DAPP last week.
For the week ended 4 October, the EU-spec GB SPP edged up by 0.41 on a week earlier, to 155.62p per kg. This increase came despite industry reports indicating ongoing weak demand and is probably the result of changes to some contracts following the end of the DAPP last week. This could lead to further volatility in prices over the next few weeks. However supplies may also have tightened slightly, as AHDB/BPEX estimate that weekly slaughterings were 4% down on a year earlier, at 170,300 head. The average weekly carcase weights continued to rise, with the latest quotation at 82.05kg. This was marginally higher than the week before but was the heaviest average weight recorded since the SPP began in April and probably constitutes a record high.
The EU-spec GB APP for the week ended 27 September fell slightly to 158.14p per kg, down by 0.59p on a week earlier. During the same week, the SPP stood at 155.21p per kg, which was a difference of nearly 3p between the two price series.
For the week ended 4 October, the average weekly price for a 30kg weaner continued to decline to £49.17 per head, down by almost £3 on the week before and its lowest level since April 2013. The weaner price usually mirrors trends in the finished pig prices and this was evident again in the latest week. The 30kg weaner price has fallen further below last year’s level, currently down by £5 on the same week. The 7kg weaner market also edged down to £37.88 per head, a week-on-week change of 6p. This was around £3 lower than the same week in 2013.
As last week’s DAPP was the last to be published, those who previously received the DAPP by text will, in future, receive the SPP instead. If you are not already subscribing to this service and would like to do so, please click herefor details of how to do so. A separate service proving a weekly text message with the APP is also now available. For those who prefer it, both the SPP and APP are available via e-mail, free of charge. E-mail email@example.com your contact details, indicating which price series you want to receive, to access this service. Both price series will also be available through new web pages (links in the data table above).