UK pig prices - week ended 28 March 2015
The EU-spec GB SPP in the week ended 28 March averaged 132.57p per kg, a fall of 0.07p on the week.
This is the third week in which the price has decreased only marginally, showing a slight stabilisation of the price. However the SPP remains over 30p lower than the DAPP this time last year following price falls seen since June 2014. Supply in the week continued to be higher than the same week last year. As this is the final week of buying before the Easter period, demand has reportedly been better, while pig numbers have been falling seasonally in recent weeks, leading prices to stabilise. The next two weeks are disrupted by the Easter bank holidays and the underlying market situation should become clearer once these have passed. Carcase weights fell again, making them the lowest average seen in 2015, although they remain up compared to the same week in 2014. The probe measurement rose to 11.3mm in this week.
Following the increase seen last week, the EU-spec GB APP for the week ended 21 March fell 0.12p on the week to 136.49p per kg. This reduced the difference between the APP and the SPP for the same time period to 3.85p.
For the week ended 28 March, the average prices for weaners were varied, with 30kg weaners increasing 76p a head on the previous week to £45.43, while 7kg weaners were back 48p a head on the previous week. 30kg weaners increased despite higher numbers being traded, while increased numbers and continued falls in the finished pig price led the 7kg weaner price to fall. Prices of both 30kg and 7kg weaners remain down on the same week last year, by £10 and £8 respectively.