UK pig prices - week ended 6 June 2015
The UK finished pig price saw small scale increases for the second week in a row in the week ended 6 June. The EU-spec SPP was up by less than half a penny to 131.59p/kg as the market continues to be broadly balanced.
However, this is the largest week-on-week increase since May 2014, apart from Christmas week. This meant the difference between the current price and those from the same week in 2014 fell to less than 33p, as prices were falling by this time last year. Estimated slaughterings were up compared to the previous Bank Holiday-affected week but only by 2% and were down by 2% compared to year earlier levels. There was little carcase weight movement in the week, with the average down by 20g on the previous week at 81.47kg; this is over a kilo heavier than a year earlier.
The GB APP remained almost completely stable in the latest week, reflecting the stability also shown in the SPP in the same week. Prices were up fractionally in the week ended 30 May at 136.19p/kg. This means the difference between prices in 2015 and 2014 went back over 30p, while the difference between APP and SPP fell slightly but remained just over 5p.
In the week ended 6 June the price of both 7kg and 30kg weaners increased. The price of 7kg weaners was up 9p on the week at £33.25, while the price of 30kg weaners increased by over £1.50 to £44.82 a head. This reversed the fall recorded in the previous week. Both weaner prices remain well below levels recorded in 2014.