UK PIG PRICES - WEEK ENDED 5 September 2015
The August bank holiday week experienced disappointing demand even though slaughterings edged back.
In the week ended 5 September the EU – spec SPP fell by just under one pence to 131.45p/kg. This represents a return to the levels of late May. The current quote is still over 25p down on the same week in 2014 and the gap has widened as the price fall was lower last year. Estimated slaughterings for week ended 5 September were 1% down on a week previously to 171,900 although they recorded a 2% increase compared to the same week last year. This was even though last year was not a short week. The SPP average carcase weight for week ended 5 September increased for the second week running but was 370g less than the same week a year ago. The average probe measurement increased slightly to 11.1mm.
The EU-spec APP in the week ended 29 August increased for the first time since the last week in July to 136.82p/kg, 0.21p more than the week before. However compared to the same week in 2014 the average price is 14% or 23p less. The gap between the SPP for the same week and the APP remained at 4.4p.
Sow prices have started to move up on the continent which is contributing to price rises in the UK. This includes the key market of Germany where there has been a significant price increase this week, for the first time since February. The grade MI price was up 6 cents per kg.
Please note that due to the receipt of revised data the GB 30kg weaner price for week ended 29 August has been amended from £41.21 to £44.09 per head.
In week ended 5 September, the 30kg weaner price fell by 44p to £43.65 per head compared to a week earlier while throughputs were lower. The price was 17% less than the same week in 2014. In contrast the GB 7kg weaner price recorded an increase for the first time since week ended 8 August to £33.25 per head, £1.12 more than a week prior even though throughputs were higher. This is the highest price since the first week of June. However the price was still £5.21 less than the same week in 2014.