UK PIG PRICES - WEEK ENDED 29 NOVEMBER 2015
The EU-spec SPP fell once again in the week ended 28 November by 0.28p to 126.00p/kg in comparison to the previous week.
This is the second consecutive week in which the price declined, leaving the quote 19.5p back on the same week last year. It was also at its lowest level of this year. Estimated slaughterings during the week were down by nearly 12,000 head, representing the lowest weekly throughput since the end of September. The average SPP carcase weight fell slightly to 81.81kg, down by a third of a kilo. Weights are still running behind those recorded in the same week in 2014, albeit by a narrower margin of 170g. The average probe measurement increased to 11.5mm.
The EU-spec APP for the week ended 21 November fell by 0.18p to 129.8p/kg, continuing the downward trend which has been apparent since the beginning of September. This leaves the current quote just less than 20p behind the same week in 2014. The gap between the SPP and the APP for the same week remained virtually unchanged at 3.5p
The weaner market recorded diverging trends in the week ended 28 November. For 30kg weaners, supplies were well up on the previous week and the price fell by just over a pound to £40.55, the largest weekly drop since the end of September. In contrast the 7kg category increased to £31.84, up £1.06 on the previous week even though supplies were also more. Both quotes continue to run behind last year’s prices, however the gap between for 7kg weaners has narrowed to £1.45 whereas for 30 kg weaners it is still as much as £7.55.
Details are expected shortly from the European Commission about a new private storage aid scheme in the EU and these will be put on the AHDB Pork website. The market has been declining in recent weeks due to poor demand. Under the previous scheme, held earlier this year, contracts were taken out for almost 64,000 tonnes but the scheme was not widely used in the UK as only 179 tonnes were contracted for.