UK PIG PRICES - WEEK ENDED 12 DECEMBER 2015
In the week ended 12 December, the EU-Spec SPP fell by 0.45p to 125.16p/kg compared to the previous week while slaughterings increased.
This represents the fourth consecutive week of price decline with the current quote almost 19p behind the same week in 2014. The gap though between the two years narrowed as the SPP last week fell at a slower rate than a year earlier. Estimated slaughterings for the week amounted to 189,800 head, up on the previous week by 9,700, but they were still over 10,000 lower than a year earlier for the third consecutive week. The average SPP carcase weight fell by just over half a kilo to 81.39kg, to the lowest level since mid-September suggesting producers were marketing their pigs earlier. Once again, however, average weights continue to be slightly heavier than the corresponding week in 2014. The average probe measurement remained unchanged at 11.4mm.
The EU-spec APP fell to 129.25p/kg in the week ended 5 December, a drop of 0.62p week on week. This leaves the current quote just less than 19p behind the same week in 2014. The gap between the SPP and the APP in the same week decreased to 3.64p as the APP fell at a faster rate.
Opposite price movements were recorded in the weaner market during the week ended 12 December. The 30kg weaner price increased to £41.89/head, up just over £2 compared to the previous week even though numbers were well up. Spot prices increased and there were some changes in the mix of pigs under contract. However, this price rise only brought prices back to the levels of mid-November. In contrast the 7kg weaner category recorded a drop in price of 86p, leaving the quote at £30.23/head. Despite the price fall, throughputs were down on the week. Both the 30kg and 7kg prices continue to run behind the prices recorded in the corresponding week in 2014, currently back by around £5.