UK PIG PRICES - WEEK ENDED 05 DECEMBER 2015
In the week ended 5 December, the EU-spec SPP averaged 125.61p/kg, recording a fall of 0.39p compared to the previous week with demand remaining under pressure.
This again takes the quote to the lowest point this year and remaining well behind the price recorded in the corresponding week in 2014, currently back by just over 19p. Estimated slaughterings for the week fell just short of 180,000 head and were up by 2,600 on the previous week when throughputs were disrupted by breakdowns. For the second week running though throughputs were still down around 10,000 head on last year. After three weeks of declining weights, the average SPP carcase weight increased by 150g to 81.96kg. Average weights during the week are currently 180g heavier than in the same week in 2014, the first year on year rise for six weeks. The average probe measurement decreased by a small margin to 11.4mm.
The EU-Spec APP increased in the week ended 28 November to 129.87p/kg. The marginal increase of 0.07p is the first week on week rise since the end of August. The gap between the current quote and the corresponding price in 2014 narrowed to a little over 19p as the APP was falling in the same week last year. The gap between the SPP and APP for the same week increased slightly to 3.87p.
Pressure continues to be placed on the weaner market, with both categories recording a fall in prices in the week ended 5 December. Compared to the previous week, prices for 7kg piglets fell by 75p to £31.09/head, with throughputs somewhat ahead. The 30kg weaner price averaged £39.87/head, dropping 68p week on week. This comes despite a considerable reduction in throughputs. In line with the trend which has been apparent all year, both prices continue to run behind last year’s figures with the 7kg price back by £3.38 and the 30kg price lower by a larger margin of £6.81.