UK pig prices - week ended 20 August 2016
The EU-spec SPP continued to rise in week ended 20 August, up 1.01p to 136.01p/kg.
It is now at levels last recorded in February 2015 and stands at just under 4p higher than the same point a year earlier. The continued weakening of sterling against both the euro and the dollar has ensured domestic pork remains competitive both on the home market and internationally, thereby further supporting the price.
Estimated slaughterings rose slightly, by 1%, to 183 thousand head. While tightening supplies have been seen of late, this increase may be a result of producers looking to capitalise on the stronger pig price. Estimated slaughterings were also up 4% on the same period a year earlier. Average carcase weights also recorded an increase of 0.58kg on the previous week, to 82.21kg. This is the first time since the beginning of June that the average carcase weight was north of 82kg.
In week ended 13 August, the EU-spec APP also increased, by 1.18p to 137.29p/kg. This is the highest weekly price for over a year, having last been recorded in July 2015. Therefore, the current quote is now 0.64p higher than at the same point a year earlier. The gap between the APP and SPP increased modestly, to 2.29p.
Both 7kg and 30kg weaners continued to record price increases, with 30kg weaners up 48p to £45.52/head and 7kg weaners up 42p to £33.15/head. Both categories of weaners are now in excess of the quotes at this point a year earlier, with 30kg weaners £1.50 greater and 7kg weaners 47p more.
Vikki Campbell, Senior Analyst
Vikki.Campbell@ahdb.org.uk, 024 7647 8741