UK pig prices - week ended 3 October 2015
The EU-spec SPP continued to fall in the week ended 3 October, with prices dropping to 129.22p/kg.
This is the fifth consecutive week in which prices have declined, resulting in a record low since the SPP series began in April 2014. Taking into account the previous DAPP series, this is the first time the price has dropped below 130p/kg since June 2008. Supply and demand played a large role in this decline, with estimated slaughterings for the week increasing by 5% to 185,600 head. Numbers also remain up on the figures recorded in the corresponding week in 2014, with throughputs up by more than 2% for the week ended 3 October. The average SPP carcase weight for the same week rose to 81.72kg, an increase of 160g, which took weights back up to the figure two weeks before. However, they still remain below those recorded in the corresponding week of 2014, with weights down by 330g year on year.
The EU-spec APP fell for the fourth consecutive week, to 134.28p/kg, in the week ended 26 September. The price remains 24p behind the figure for the corresponding week in 2014. The gap between the SPP and the APP for the same week widened to 4.2p/kg, remaining above the 4p threshold which has been the case since July.
The 30kg weaner price increased by over a pound to £44.52 per head for the week ended 3 October 2015, reversing some of the fall from the previous week. However, 7kg weaner prices dropped two thirds of a penny to exactly £32 per head. This is the lowest price reached since the data series began in July 2013. Once again, weaner prices for both 30kg and 7kg categories remain well below year earlier levels.