UK pig prices - week ended 4 April 2015
The broad stability in the finished pig market continued in week ended 4 April, with the EU-spec GB SPP again falling marginally, to stand at 132.42p/kg.
This was over 30p lower than the SPP a year before, the first week for which it was published. Although the price has fallen every week since the New Year, it has only lost 0.31p in the last four weeks. The small drop in the latest week came despite several plants being closed for the Good Friday Bank Holiday. The short week was also reflected in estimated slaughterings, which reached their lowest point of the year so far, at 157,900 head, a similar level to that of last Easter, which was later in the month than this year. Average carcase weights also fell to their lowest level in 2015, at 81.92kg, although this was still nearly three quarters of a kilo heavier than a year earlier.
For the second time in three weeks, the EU-spec GB APP rose for week ended 28 March. It was up by around a third of a penny at 136.81p/kg. This took the gap between the APP and SPP back above 4p/kg, which was the second largest differential since the series began last year.
The stabilisation of the finished pig market appears to have led to a modest improvement in confidence in the weaner trade. Average prices for both 7kg and 30kg weaners rose in the week ended 4 April, to £33.32 and £46.28 per head respectively. Nevertheless, with pig prices having fallen so far over the last year, the latest weaner quotes are well below year earlier levels. The 7kg price is £7.60 down on a year before, while the 30kg one is over £10 lower.