UK pig prices - week ended 19 December 2015
In the week ended 19 December, the EU-Spec SPP fell by 0.93p to 124.23p/kg.
This marks the fifth consecutive week that prices have fallen, recording the largest week on week drop since early October. This comes as increased numbers of pigs marketed in advance of the Christmas holidays have apparently not been matched by rising demand. The current quote remains well behind the corresponding week in 2014, being back by 19p. Estimated slaughterings for the week totalled 186,700 head, 6,700 head below the estimate for a week earlier and over 16,000 lower year on year. However, recent estimates are thought to be undercounting the true level of slaughterings – the situation will become clearer once December production figures are published by Defra next month. The average SPP carcase weight fell once again, down by half a kilo at 80.88kg, as producers market pigs early ahead of the holidays. In comparison to 2014, weights continue to follow a similar trend. The average probe measurement remained unchanged at 11.4mm.
The EU-Spec APP was virtually unchanged in the week ended 12 December at 129.26p/kg, recording a 0.01p increase. This leaves the current quote just over 18p down on the same week in 2014. Due to the stability of the APP, the gap between the two prices for the same week increased to 4.1p, taking the measure back above the 4p threshold for the first time since October.
Prices in the weaner market recorded diverging trends in the week ended 19 December, reversing the movements seen in the previous week. The 30kg category fell by £1.89 to £40/head, largely offsetting the increase in prices which was recorded last week, whereas prices for 7kg piglets reached £31.07/head, an increase of 84p on the week. Throughout the year both of these categories have been running behind the prices recorded in 2014 and are currently back by £6.80 and £3.61 respectively.