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Photo of UK pig prices - week ended 15 August 2015

Bethan Wilkins

Analyst

AHDB Pork Market Intelligence

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UK pig prices - week ended 15 August 2015

Home \ Prices & Stats \ News \ 2015 \ August \ UK pig prices - week ended 15 August 2015

The GB SPP stayed virtually the same in week ended 15 August, with the EU–spec price standing at 132.57p/kg, a 0.01p fall on the previous week.

The market still remains balanced, although we are nearing the end of the holiday season, which may tip the balance towards a higher demand. Nevertheless, it is unlikely that any significant shift will be apparent before mid-September, given the upcoming Bank Holiday. Even though the price has stayed the same as the previous week, there has been a 26p decrease in price compared to a year before, although the gap continues to close in. Slaughterings were estimated to have increased by just over 4% compared to the previous week, to 176,600 head. This is the highest number since mid-July and 7% more year on year. Carcase weights were slightly down compared to a week prior, averaging 80.21kg in the latest week, but were still 200g up on the same week last year.

In the week ending 8 August the APP EU-spec price fell for the second consecutive week, to 137.03p/kg. The drop during the week was only just over a tenth of a penny but there was a 25p fall on the price in the same week a year earlier. As the fall in the APP was greater than the SPP, the gap between the two prices has increased slightly compared to the previous week, to 4.45p.

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Weaner prices for both 7kg and 30kg animals fell slightly in week ended 15 August. At £33.18 per head, 7kg weaners sold for 2p less than the previous week, on average, and were £5 cheaper than a year before. 30kg weaner prices experienced a greater fall of 38p per head which brought the price down to £43.61. This was the lowest price since week ending 4 July and the price has fallen nearly £12 per head compared to the same week last year.