UK pig prices - week ended 30 May 2015
There were only minor fluctuations in the UK finished pig price once again in the week ended 30 May, as the EU-spec SPP increased by less than a tenth of a penny to 131.18p/kg.
This indicates that the market remains well balanced at the current price, with no week-on-week movements of more than half a penny since mid-April. The gap between prices this year and last grew in the latest week to over 33p, following larger weekly gains in 2014. Estimated slaughterings fell compared to the previous week, due to some Bank Holiday closures, but they were 9% above levels from the same week in 2014. Average carcase weights were down marginally to 81.49kg, while the average probe measurement fell to 11.1mm.
The GB APP continued to record marginal gains in the week ended 23 May, being up by less than a quarter of a penny to 136.18p/kg. This means the difference between prices in 2015 and 2014 fell to less than 30p. As the SPP saw a price fall in the same week, this led to the gap between the two series increasing to over 5p for the first time since they were introduced in April 2014.
In week ended 30 May, the average price for 7kg weaners increased by 29p on the week to £33.16 per head, with numbers sold remaining similar to the previous week at a slightly high level. Prices for 30kg store pigs fell by over £1.50 to £43.28 due to some shift in the mix of animals sold. Although these markets remain broadly stable overall, both weaner prices remain below year earlier levels.