UK pig prices - week ended 18 July 2015
UK finished pig prices saw marginal falls in the week ended 18 July, following the increase seen in the previous week. The EU-spec SPP was down by less than a tenth of a penny on the previous week at 133.07p/kg, despite a fall in the estimated number of pigs slaughtered.
The gap between the current price and the same week in 2014 continued to fall, to 28p/kg, following sharper price falls seen at this time last year. Estimated slaughterings fell back, being down 4% on the previous week but still above the levels seen in 2014. Carcase weights increased marginally, for the second week in a row, to 80.37kg. However, this is still a low level compared to the rest of the year. As average carcase weights saw a larger increase this time last year, it led to the annual difference falling to less than a quarter of a kilo. The average probe measurement remained stable for the third week in a row at 11.1mm.
In the week ended 11 July the APP increased somewhat, following the decline seen in the previous week. The EU-spec APP was up by almost a fifth of a penny at 137.15p/kg, 27p lower than the same week in 2014. The difference between the APP and the SPP continued to fall, dropping below 4p for the first time since mid-April.
Weaner prices were again mixed in the week ended 18 July. The price of 7kg weaners was up over 60p at £33.10 per head, while 30kg weaners were down by almost £1.20 at £43.84. In both cases these reversed the movements of the previous week, as weekly prices continue to be influenced by differences in the mix of animals traded from week to week. Both prices continue to track well below 2014 levels, with 30kg weaners down by £11, while 7kg weaners were down by around £7.50 per head.