UK pig prices - week ended 27 December 2014
Over the Christmas week, ending 27 December, the EU-spec GB SPP increased marginally to 143.93p per kg, ending an eleven week downward trend to exceed prices of a fortnight earlier.
Over the Christmas week, ending 27 December, the EU-spec GB SPP increased marginally to 143.93p per kg, ending an eleven week downward trend to exceed prices of a fortnight earlier. Throughputs more than halved in this week, according to AHDB/BPEX estimations, to 91,200 head, due to Christmas closures. The change in price suggests that some demand remained in the market, especially as slaughterings were estimated to be 3% up on the same week last year. Carcase weights were lower than in most recent weeks but were higher than the previous week, when some pigs were marketed early ahead of the holidays. Going forward, the maintenance of high throughputs over the holiday period may, in part, reduce the impact of the over-supply of pigs normally apparent in early weeks of the year.
The EU-spec GB APP for the week ended 20 December fell by 0.09p to 147.45p per kg, the smallest week on week decrease since September. The gap to the GB SPP for the same week remained just shy of 4p.
For the week ended 27 December, 30kg weaners averaged £48.22 a head, an increase of £1.43 on the week. With holiday disruptions, throughputs halved on the week but the price achieved was almost £11 per head less than this time last year as the market remains weak. The number of 7kg weaners processed did not appear to reflect any holiday disruptions and prices continued to fall, to the lowest level of the month. At an average of £34.35 per head, breeders still received £9 less than last year.