UK pig prices - week ended 25 April 2015
After the first increase of the year last week, the SPP resumed its fall this week.
In the week ending 25 April, the EU-spec GB SPP lost 0.76p to 131.57p/kg, increasing the difference compared to the same week in 2014 to 32p. This fall comes despite a 1% drop in estimated slaughterings on the previous week at 168,800 head. Although this was 9% above last year’s level, the equivalent week in 2014 was shorter due to the Easter Monday bank holiday. With supplies still relatively plentiful and the gap between UK and EU prices still large, the market clearly remains under some pressure despite being more stable of late. Carcase weights increased marginally on the week, to 82.5kg, with average weights now over 1.5kg heavier than the same period in 2014, continuing to reflect the low cost of feed. Following four weeks of declines, the average probe measurement increased in the latest week to 11.3mm.
Following the slight increase in the SPP seen last week, the EU-spec GB APP also rose by 0.11p to 135.86p/kg. This means the APP remains just over 29p lower than the equivalent week in 2014 and reduced the difference between the APP and the SPP to 3.53p/kg.
Weaner prices painted a mixed picture in the week ended 25 April. 7kg weaners fell to £32.73 per head, down 40p on the week to leave them over £8 per head behind the level seen in 2014. However, 30kg weaners recorded a 73p increase compared to the previous week to £44.07 per head, reducing the difference compared to the 2014 level to £11.