UK pig prices - week ended 13 September 2014
At 156.07p per kg, the GB SPP for the week ended 13 September continued on its downward trend, with a 0.84p decline on the week before.
At 156.07p per kg, the GB SPP for the week ended 13 September continued on its downward trend, with a 0.84p decline on the week before. Falling prices in the European Union, triggered by weaker German prices, are likely to have added pressure on UK finished pig prices. The EU-spec DAPP fell to 156.34p per kg, down by 0.72p from the previous week and 13p lower than a year earlier for the same week. The AHDB/BPEX estimated weekly slaughterings stood at 172,700 head for the week ended 13 September. This was 4% higher than the same week in 2013, encouraging the falls in pig prices. Carcase weights fell marginally to 80.48kg but pigs remained around 790g heavier than the same week in 2013.
The APP for the week ended 6 September fell by 0.37, to 159.29p per kg. This meant it recorded a decline for the eighth consecutive week. The SPP for the same week stood at 156.91p per kg, 2.38p below the APP.
The 30kg weaner market edged down by 56p for the week ended 13 September, to £52 per head. This was £2 lower compared with the same week in 2013, indicating some ongoing weakness in the market, reportedly the result of a lack of available finisher accommodation. Despite reductions in feed prices, the 7kg weaner market also remains subdued in comparison to last year, when the declines in the feed market were not so evident. For the week ended 13 September, the 7kg weaner price stood at £38.83 per head, marginally higher than the previous week but almost £3 below the level a year earlier.