UK pig prices - week ended 4 July 2015
The UK finished pig price recorded a slight fall in the week ended 4 July, following six weeks of increasing prices. The EU-spec SPP was down by 0.15p on the week at 132.63p/kg as supplies increased slightly.
However, sharper falls seen in 2014 mean the difference between the two years is at its lowest level since March at just over 30p/kg, when the SPP was being compared with the previous year’s DAPP. Estimated slaughterings were up 9% on the previous seven days as tight supplies and plant breakdowns in the previous week led some processors to increase numbers in this week. Slaughterings were also up 10% on the same week in 2014 as a result. Carcase weights were down sharply on the previous week, falling by over 800g to 80.31kg, possibly due to the hot weather during the week. This reduced the difference compared to last year to less than half a kilo, while the average probe measurement fell to 11.1mm.
A further increase to the GB APP was seen in the week ended 27 June, with the EU-spec APP up by almost a quarter of a penny at 137.29p/kg. The price was over 27p lower than year earlier levels but this is a smaller difference than the previous week. The difference between the APP and the SPP continued to fall at just over 4.5p.
The price for both weights of weaner increased marginally in the week ended 4 July, following falls in the previous week. The price of 30kg weaners was up by 4p on the week at £43.51 per head, while 7kg weaners increased by 19p to £32.76, with higher numbers traded than of late. Both prices continue to track well below 2014 levels, with 30kg weaners down by £13, while 7kg weaners were down by over £7.50 per head.