UK pig prices - week ended 24 October 2015
For the week ended 24 October 2015, the EU-Spec SPP fell by less than a penny to 126.92p/kg.
After remaining unchanged last week, the SPP dropped once again, taking the current price to the lowest point since the DAPP series in June 2008. The current quote is 24p down on the same week in 2014. High levels of supply had an impact on prices, with estimated slaughterings increasing by 5% from the previous week to 184,000 head. This is the highest throughput to be recorded in a week since December last year and is 5% higher than the level of slaughterings in the corresponding week in 2014. The average SPP carcase weight recorded its first decline in four weeks, down by 230g compared to the previous week and 590g compared to last year.
The EU-spec APP for the week ended 17 October 2015 fell by a third of penny to 132.01p/kg. This is the seventh consecutive week in which prices have fallen, leaving the quote 24p behind the corresponding week in 2014. The gap between the SPP and APP for the same week remains above the 4p threshold, although slightly reduced from last week at 4.17p.
With the finished pig price easing in recent weeks, both categories of weaners recorded a fall in prices in the week ended 24 October. 7kg weaners were down by just over a pound at £31.79/head, the lowest level since the series began in July 2013. Meanwhile, the 30kg category declined by 22p to £43.03. This is the third consecutive week in which prices have fallen for the 30kg weaners, leaving the quote at its lowest point since November 2012. Overall, both prices remain well below the levels recorded in 2014.