UK pig prices - week ended 1 August 2015
In the week ended 1 August, UK finished pig prices began falling, despite slaughterings also being lower compared to the previous week. The EU-spec SPP was almost a quarter of a penny down on the previous week at 133.01p/kg.
This led the difference compared to the same week in 2014 to fall to less than 27p/kg as the gap continues to close following steeper falls seen last year. This fall comes despite estimated slaughterings falling by 1% compared to the previous week. However, numbers were estimated to be 2% above levels from the same week last year. Carcase weights were 150g heavier at 80.3kg, offsetting some of the fall in slaughterings, with weights moving back above the levels seen in 2014. The average probe measurement fell to 11.0mm.
In the week ended 25 July, the APP increased for the third week in a row but was only up fractionally. The EU-spec APP was at 137.34p/kg, less than 26p lower than the same week in 2014. The difference between the APP and the SPP decreased but remained above 4p.
The price of both weights of weaners fell in the week ended 1 August, with 30kg store pigs falling by £1.60 to £43.85 per head, while the price of a 7kg weaned piglet fell to £32.87 per head, down by 24p. As has been the case since October last year both weights remained well below levels seen a year earlier, with 30kg weaners down by £12 while 7kg weaners were down by over £7.