UK pig prices - week ended 16 May 2015
The GB pig market remained well balanced in week ended 16 May, with the EU-spec SPP virtually unchanged at 131.44p/kg.
While this is over 32p lower than a year earlier, the price has lost less than 2p since the end of February. However, it is worth remembering that this is a time of year when prices would normally be rising as supplies tighten seasonally. While there has been some reduction in slaughterings this year, numbers remain higher than a year ago. At around 164,000 head, estimated throughputs for the last two full weeks were the lowest of the year outside Bank Holiday weeks. However, they were still higher than estimates for the same weeks last year. Similarly, while carcase weights have fallen, they remain well above last year’s levels; at 81.65kg, the latest week’s figure was the lowest since Christmas but was nearly a kilo heavier than a year earlier. With the gap between UK and EU prices remaining large, demand will need to improve if prices are to receive a boost.
After a rise in the previous week, the EU-spec GB APP fell back again in week ended 9 May, losing 0.8p to stand at 135.72p/kg. This was around 30p lower than a year before. The gap between the APP and SPP narrowed somewhat during the week, to 4.32p.
The broad stability in the finished pig market is also being reflected in the weaner market. In week ended 16 May, the average price for 7kg weaners fell a fraction, while 30kg weaners were slightly more expensive. However, in both cases the prices were little changed from their level at the end of February, despite some fluctuations in between. At £33.04 per head, the 7kg price was around £8 down on a year earlier, while the 30kg price was down over £11 on the year at £44.60 per head.