UK pig prices - week ended 7 November 2015
For week ended 7 November, the EU-Spec SPP fell by 0.86p to 126.25p/kg.
Once again the current price is at the lowest point since the SPP series began in April 2014 and the lowest point since May 2008 based on the DAPP series. The current quote is almost 22p below the same week in 2014 although the gap narrowed slightly compared with the previous week. The SPP has been affected by the higher level of supply compared to demand as estimated slaughterings for the same week increased by 2,300 head to 181,000 head. Compared to the same week in 2014 throughputs though were only marginally up. The average SPP carcase weight increased for the second week to 82.63kg however compared to last year the quote was 70gm less. The average probe measurement increased to 11.6 mm and was the same as a year earlier.
The EU-Spec APP for week ended 31 October fell for the ninth consecutive week, to 130.78p/kg. The current quote is 23p behind the same week in 2014. The gap between the SPP and the APP for the same week has dropped just below the 4p threshold as the SPP increased slightly in contrast to the fall in the APP.
Both categories of weaners record a fall in price in the week ended 7 November with finishers reported to be nervous about how the finished market will pan out in the new year. The 30kg weaner price decreased by just over 40p to £42.33/heard, the lowest price since October 2012. After a small rise in price week ended 31 October, the 7kg weaner price fell by just over £1 to £31.45/head, the lowest price since the 7kg weaner series began in October 2013. Overall, both quotes remain well below the levels recorded in the same week of 2014 by £6.90 and £4.30 respectively.