UK pig prices - week ended 19 September 2015
High slaughter levels for the week ended 19 September contributed to the EU-spec SPP falling by 0.74 to 130.38p/kg. This is the lowest level recorded since the SPP series began in April 2014 and the last time the DAPP was this low was in June 2008.
The current quote is down 26p on the corresponding week in 2014, with the gap fluctuating from week to week as prices were dropping then too. With the price having now fallen for three consecutive weeks, losing 2p in this time, there are signs that the stability of recent months may be under threat. One reason is that estimated slaughterings for the week ended 19 September were 6% up on the previous week, with throughputs totalling 186,500 head, the highest of the year so far. The average SPP carcase weight also continued to increase, reaching 81.71kg, although still remaining behind the weights recorded in the same week last year.
The EU-spec APP fell marginally for the week ended 12 September to 135.33p/kg. When compared to the same week in 2014, the price remains 23p behind, resulting in the gap between the SPP and the APP for the same week increasing to just over 4p.
In the week ended 19 September, 30kg weaner prices were up 11p to £45.21 per head, as the market remained broadly stable with feed prices still low. The 7kg weaner price also remained stable, with a minimal fall of a penny to £32.38. Once again, both prices remain significantly below the levels seen at the corresponding time in 2014.