UK pig prices - week ended 9 April 2016
In week ended 9 April, the EU-spec SPP marginally increased, by 0.31p, to 112.86p/kg, making up the loss recorded a week earlier.
It is also worth noting that this week was the first full week after the Easter holidays, suggesting that supply is balancing back out with demand somewhat. Despite the week on week increase, the current quote is still over 19p behind the same point last year. However, the gap is narrowing as the price quoted at the same point in 2015 was falling.
The average carcase weight recorded a very slight increase on the week to 83.77kg, maintaining its level above the 83kg threshold seen since the start of the year. Furthermore, the current weight is 1.4kg heavier than the same point last year. Estimated slaughterings were up 2% on the week at 169,000 head, returning near levels last seen before the Easter break. Additionally, estimated slaughterings are also 5% higher than same point last year, although that was a short week due to the later Easter in 2015.
The EU-spec APP also increased in week ended 2 April, by 0.28p to 116.32p/kg, returning to levels last seen in February. The gap between the SPP and APP remains under the 4p threshold at 3.8p, but increased on the previous week as the SPP fell back slightly in week ended 2 April.
Diverging trends were recorded between the two weaner categories in week ending 9 April. 30kg weaners increased by £2.07 to £37.93 a head, the highest price since mid-January. Nevertheless, 7kg weaners decreased by a modest 11p, to £28.53 a head. Compared to last year both 30kg and 7kgs weaners are down on the price for the equivalent week by £6.10 and £4.76 respectively.
Millie Askew, Analyst
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