UK pig prices - week ended 18 April 2015
Following falls in the price of the finished pigs throughout 2015, in the week ending 18 April the EU-spec GP SPP increased by 0.14p to 132.33p/kg.
Despite this increase, the difference compared to the same week in 2014 remains at almost 31p. Prices have risen despite estimated slaughterings being 170,900 head, up 7% on the previous year and 6% on the previous week. However, both of these comparison weeks were affected by Easter closures, so supplies would have been expected to have been higher. Carcase weights were broadly level with the previous week at 82.4kg and were up by over 1.5kg compared to the same week in 2014 as ongoing low feed costs encourage producers to finish pigs at higher weights. The average probe measurement continued to decline, falling to 11.1mm showing that, despite the increased weights, producers are still managing to get their pigs in specification.
The EU-spec GB APP continued to fall in the week ended 11 April, dropping by just over a third of a penny to 135.75p/kg. This is 29p lower than the same week in 2014. This has further reduced the difference between the APP and the SPP to 3.56p/kg.
Despite some recovery in the finished pig price, weaner prices continued to drop in the week ended 18 April, with average prices for 7kg and 30kg weaners falling to £33.13 and £43.34 per head respectively. The difference in prices being paid for weaners between now and the same period last year increased to over £14 per head for 30kg weaners but fell to less than £7 per head for 7kg weaners.