UK pig prices - week ended 13 June 2015
UK finished pig prices increased by less than half a penny for the third consecutive week in the week ended 13 June. The EU-spec SPP was up by just under a third of a penny at 131.90p/kg as the supply and demand balance tipped slightly towards a tighter situation.
Prices remain just above 32p below the levels seen in 2014 but this is a smaller difference than last week, as prices in 2014 were falling at this time. Estimated slaughterings were 2% down on the week but remained above levels seen in the same week of 2014. Carcase weights were at their lowest level of the year so far, adding to the tightening of the market, but remained over half a kilo up on the previous year. The average probe measurement also fell in the last week as could be expected with the lighter carcases.
The GB APP continued to follow the trends seen in the SPP in the week ended 6 June, with a marginal increase recorded. Prices were up just over a tenth of a penny at 136.32p/kg. This means the difference between prices in 2015 and 2014 fell below 30p, while the difference between APP and SPP fell slightly to below 5p per kilo.
In the week ended 13 June the price of both 7kg and 30kg weaners decreased following increases seen in the previous week. The price of 7kg weaners was down 65p on the week at £32.60, a new low point for this series as the number of piglets being traded was reported to be high. Meanwhile, the price of 30kg weaners fell by 30p to £44.52 a head. This meant both weaner prices were well below the levels seen in 2014, with 7kg and 30kg weaners down by over £9 and £12 respectively.