UK pig prices - week ended 21 November 2015
In the week ended 21 November, the EU-spec SPP fell by 0.19p, compared to a week earlier, to 126.28p/kg.
The current quote continues to run below last year’s price, down by just under 20p. Estimated slaughterings were up by as much as 3,500 on the previous week with a similar increase compared with a year earlier. Throughputs reached 189,200 head, the highest level recorded so far this year. There is still little sign of much upturn in demand associated with Christmas with competition from low priced imports a factor. The average carcase weight fell for the second consecutive week, to 82.14kg, down by just under half a kilo. This was the largest week on week decline since the beginning of July suggesting producers marketed their pigs earlier. This is following the same pattern which was apparent towards the end of November last year, although weights are still down by 110g year on year. The average probe measurement also fell, by 0.1mm to 11.4mm.
The EU-spec APP remained virtually unchanged in the week ended 14 November, down by just 0.01p to 129.98p/kg. The quote continues to run more than 20p below last year’s level. Due to the rise in the SPP between the same two weeks, the gap between the two price quotes for the same week reduced to 3.5p, the narrowest margin recorded since the beginning of 2015.
Both categories of weaners recorded a fall in price in the week ended 21 November, even though numbers traded were also well down. The 30kg weaner price fell for the seventh consecutive week to £41.64/head, a decrease of 50p on the previous week, and was at its lowest level since October 2012. The 7kg weaner category recorded a larger decline of 74p, taking the price to £30.78/head. Both quotes remain behind the figures from the corresponding week in 2014, down by £6.59 and £4.42 respectively.