UK pig prices - week ended 26 September 2015
The EU-spec SPP fell for the fourth week running, by a third of a pence to 130.07p/kg, in week ended 26 September.
This was the lowest recorded price since the SPP series began in April 2014. Nevertheless, the decrease in price was not as much as in the three previous weeks, as the estimated number of pigs slaughtered decreased by 9,500 head compared to the week before. The average carcase weight also decreased by 150g on the week to 81.56kg and was down by 400g compared to the same week in 2014. The current price remains just over 25p less than it was then, although the gap did narrow slightly due to a larger fall in the equivalent week last year.
The EU-spec APP also decreased, by 0.88 to 134.45p/kg, in week ended 19 September. This was 24p less than the same week in 2014. The gap between the SPP and APP stayed at just over 4p, although reducing slightly as the APP recorded a larger fall.
In the week ended 26 September, 30kg weaner prices were down £1.70 compared to a week previously, to £43.51 per head. However, this is within the range of variation seen in recent months, suggesting the market remains relatively balanced. In contrast, 7kg weaner prices were up slightly on the week, by 22p to £32.60 per head. Both the 30kg and 7kg weaner prices are down considerably compared to the same week in 2014.