UK pig prices - week ended 12 September
Following disruption in the bank holiday week, slaughter numbers in the week ended 12 September recovered reaching the highest level since the beginning of July. There is no strong indications of a pick-up in demand in spite of the start of the new school year.
For the week ended 12 September the EU-spec SPP price continued to fall, by a third of a penny, to 131.12p/kg. The current quote is 25p down on the same week in 2014 with the gap narrowing due to prices falling at a slower rate than last year. Estimated slaughterings for week ended 12 September were 1% up on the previous week reaching 174,400 although marginally down on the same week last year one of the few times this has happened this year. The average carcase weight increased for the third consecutive week but still remained lower, by 440 gm, than in the same week last year.
The EU-spec APP for the week ended 5 September fell to 135.45p/kg, a decline of almost 1.4p on the previous week. This price was 15% or 24p down on the same week in 2014. The gap between the SPP for the same week and the APP declined to 4p.
In the week ended 12 September, the 30kg weaner price increased by £1.45 to £45.10 per head compared to the week earlier partly since one company was only trading in premium weaners. Throughput was down 7%. The price was 13% lower on the same week in 2014. GB 7kg weaner prices recorded a decrease of 86p to £32.39 per head, 17% down on the previous year, with throughput up by 2%.