UK pig prices - week ended 14 November 2015
The EU-spec SPP increased slightly by 0.22p, compared to a week earlier, to 126.47p/kg in the week ended 14 November.
The current quote is 20p behind the same week in 2014, although the gap narrowed as this time last year the price decreased by over 1p on the week. Although the current quote is an increase on the previous week, estimated slaughterings for week ending 14 November were up on the week by 1,200 head to 182,000head. This would suggest that demand has been in a slightly better balance with supply. Slaughterings were estimated to be 1,300 lower than in the same week last year, the first year-on-year reduction since mid-September. The average SPP carcase weight was virtually unchanged compared with the previous week, at 82.62kg, just 20g less than the same week a year earlier. There was a small decline compared with the previous week in the average probe measurement to 11.5 mm.
For week ending 7 November, the EU-spec APP fell once again, by 0.79p, to 129.99p/kg. The current quote is almost 22p behind the same week last year. The current APP quote is again the lowest since the series began in April 2014. As the SPP declined by a slightly larger amount between the same two weeks, the gap between the two series increased slightly to 3.74p.
Weaner prices recorded differing trends in the week ended 14 November, although movements were small. 30kg weaner prices declined for the sixth consecutive week to £42.14/head, a decrease of 19p on the week and of £2.38 compared with the beginning of October. Numbers traded were well up last week. On the other hand, 7kg weaner prices increased, although only slightly, by 7p on the week to £31.52, which does not compensate for the larger fall of £1.03 recorded a week earlier. Compared to a year earlier, both 30kg and 7kg weaners remain well behind last year’s level, by £8.50/head and £3.81/head respectively.