UK pig prices - week ended 23 May 2015
The recent fluctuations in the UK finished pig market continued in week ended 23 May, with the EU-spec SPP falling slightly to 131.11p/kg.
This reversed the slight uplift of the previous week but the market remains broadly in balance, with prices having moved less than 2p since early March. Despite this, the gap between the latest price and the level of the SPP a year before, when prices were rising slowly, increased to nearly 33p. Estimated slaughterings were up slightly compared with recent weeks and were also a little higher than a year earlier. Nevertheless, the average carcase weight eased back again, to 81.52kg, suggesting that most pigs have been able to find buyers at prevailing price levels.
After the previous week’s fall, the GB APP recovered some of the lost ground in week ended 16 May. It was up around a quarter of a penny at 135.99p/kg. At this level, it is only fractionally lower than in early March but over 30p down on a year earlier. With the SPP having increased more slowly in the same week, the gap between the two series opened up again to 4.55p/kg.
As with finished pigs, the GB weaner market remains broadly stable. The average price for a 7kg weaner fell by 17p to £32.87 per head but 30kg store pigs were up by 22p to £44.82. Despite some weekly fluctuations, both prices are similar to their level in March but remain well below year earlier levels.