UK pig prices - week ended 3 January 2015
At the start of 2015, the EU-spec GB SPP averaged 142.44p per kg for the week ending 3 January, down 1.49p on the week.
At the start of 2015, the EU-spec GB SPP averaged 142.44p per kg for the week ending 3 January, down 1.49p on the week. This is over 20p less than when recording for the new series began in April 2014 and suggests that last week’s reported marginal increase was a seasonal anomaly. Reports indicate that some contracts have changed in the New Year, which may have contributed to the downward movement. Carcase weights have edged up in the last fortnight, with some pigs having been fed for an extra week over the holiday, also increasing the average probe measurement to 11.5mm. With business returning to ‘normal’, estimates from AHDB/BPEX suggest that throughputs have held up well during the holiday disruptions, being 19% up on the year in the latest week. As production resumes for the New Year and such ample supply is secured, prices have returned to their downward trend, as is also being seen on the continent.
The EU-spec GB APP for the week ended 27 December was 146.97p per kg, half a penny down on the previous week. This decrease narrowed the gap with the GB SPP, which increased during the same week, by a penny to a 3p difference.
For the week ended 3 January, 30kg weaners averaged £44.38 a head, a drop of £3.84 on the week. This is the lowest price recorded since November 2012 and may in part be a residual result of the festive period, with an increase in availability following the holidays. 7kg weaners showed less price volatility, being on average £34.66 a head, 31p up on the week. Despite suggesting some stabilisation of prices after the downward trend of recent months, this is £8 less for the breeder than this time last year.