UK pig prices - week ended 10 October 2015
In the week ended 10 October, the EU-spec SPP price fell once again to 127.84p/kg. The decline of 1.49p is the largest week on week reduction which has been recorded since February this year.
As was the case last week, this sets a new record for the lowest SPP price to be recorded since the series began in April 2014. Estimated slaughterings for the same week increased by less than half a percent to 186,300 head. However, compared to the corresponding week in 2014, slaughtering levels are estimated to be running 10% higher. The average SPP carcase weight increased by nearly half a kilo to reach 82.19kg. This is the heaviest weight recorded since April 2015 and was slightly heavier than in the same week last year.
For the week ended 3 October 2015, the EU-spec APP also showed a sharp downward movement, losing 1.20p to stand at 133.08p/kg. This price has now fallen nearly 4p/kg in the last five weeks. The gap between the APP and the SPP for the same week fell to its lowest level since April, at 3.75p.
In the week ended 10 October, the 30kg weaner price dropped by 84p to £43.68 per head, with throughputs remaining relatively unchanged on the week. In contrast, the price of 7kg weaners recorded a marginal increase of 16p to £32.16 per head. The prices for both weights of weaners continue to fall behind the same week in 2014, currently back by more than £5 each.