UK pig prices - week ended 2 May 2015
Last week the SPP increased after the fall seen in the previous week.
In the week ended 2 May, the EU-spec SPP gained 0.28p to reach 131.85p/kg with the difference compared to the equivalent week in 2014 remaining at 32p. This rise can be partly attributed to a 3% fall in the number of pigs slaughtered. On the other hand poor weather had some impact on consumer demand over the bank holiday. Slaughterings in GB were estimated at 164,000 head, however this remains 4% up on the previous year. Carcase weights also fell by 600g on the week to 81.83kg, the lowest level seen so far in 2015. This fall is partly due to producers marketing pigs earlier due to the back holiday this week. However carcase weights remain over 1kg heavier than the same week in 2014. Partly the result of a fall in the average carcase weight the average probe measurement also declined, to 11.1mm.
The EU-spec GB APP again increased marginally in the week ended 25 April, by 0.04p to 135.90p/kg. However the larger increase in price between the same two weeks in 2014 has led the APP to fall to nearly 30p behind the level of last year. This also increased the difference between the APP and SPP to 4.33p/kg.
Given the increase in the price of the SPP the prices of weaners also rose even though throughputs were higher. In the week ended 2 May both 7kg and 30 kg weaners were up, at £33.35 and £44.42 respectively. This meant 7kg weaner prices were up 62p on the week but remained down over £6 on the year. While prices of 30kg weaners increased 35p on the week they were down over £13 compared to the same week in 2014.