UK pig prices - week ended 27 June 2015
In the week ended 27 June, finished pig prices continued to increase, as the EU-spec SPP was 0.4p higher than the previous week at 132.78p/kg.
Prices have shown consistent gains throughout the month of June as supplies continued to tighten, while improved weather may have led demand to rise modestly, meaning the SPP was at its highest level since late February. However, it does remain almost 31p lower than the same period last year, although the gap is over 2p smaller than at the end of May. Estimated slaughterings continued to decline, down 3% on the previous week as supplies decline seasonally. Slaughterings were at their lowest level in nearly a year, except for Bank Holiday weeks, although they were still estimated to be 1% higher than the same week in 2014. Carcase weights continued to fall marginally but remained over a kilo heavier than the same week in 2014, while the average probe measurement remained stable at 11.2mm.
The GB APP continued to increase marginally in the week ended 20 June, being up by less than a fifth of a penny at 137.05p/kg, as prices continue to broadly follow the trend seen in the SPP. Prices remained over 28p down on the same period last year, while the difference between the APP and SPP fell slightly to 4.67p.
Weaner prices in the week ended 27 June fell compared to the previous week, with 7kg weaners back 55p at £32.57. This is the lowest price recorded in the two years since this series began, amid reports that demand has fallen, making weaners more difficult to place. Prices of 30kg weaners were also down, by 61p at £43.47. Both 7kg and 30kg weaners remained well down on 2014 levels, with prices falling by £9 and £13 respectively.