UK pig prices - week ended 20 June 2015
UK finished pig prices increased for the fourth week in a row, with the largest single gain in over a year. In the week ended 20 June the EU-spec SPP was up by almost half a penny at 132.38p/kg, to the highest level since the end of March.
Supplies continued to tighten even though demand was still affected by the continuing lack of summer weather. The SPP was 31p lower than in 2014 although this difference has narrowed in recent weeks as prices at this time last year were falling. Estimated slaughterings were down 2% both on the week and on the same period in 2014, while carcase weights fell to their lowest level since December. However they were over a kilo heavier than the same week in 2014. With carcase weight falling it would be expected that the average probe measurement would also fall, however it actually increased to 11.2mm.
In the week ended 13 June the GB APP again increased, up by over half a penny at 136.88p/kg, its largest weekly increase since early May. The difference between this year and last fell to under 30p again for the first time since early May. The difference between the APP and the SPP was marginally under 5p per kilo.
Weaner price developments in the week ended 20 June were mixed, with 7kg weaners rising, while 30kg weaner prices declined. The prices of 7kg weaners were 52p up on the week at £33.12 a head even though throughputs were higher. Prices of 30kg weaners fell by 44p to £44.08 in spite of lower numbers. However both 7kg and 30kg weaner remained well below levels seen in 2014, with prices down by almost £8 and £12 respectively.