UK pig prices - week ended 10 December 2016
The EU-spec SPP continued to rise in the week ended 10 December, moving up by 0.27p on the week to reach 151.66p/kg.
This means that the price now stands at over 26p higher than the same week in 2015. The rise has been less sharp than has been seen in recent weeks, partly due to the continuing recovery of the pound. However, firm levels of demand have meant that the price has continued to increase.
There was little change in the estimated slaughterings in the week despite the Christmas period getting closer, with numbers remaining stable at 189 thousand head. This was 9% lower than the same week in 2015 as supplies of pigs remain tight this year. Average carcase weights showed a marginal decline following the trend seen in the previous few weeks, falling to 82.85kg. However this remains almost a 1.5kg higher than the same week last year as sharper falls were seen at this time last year.
The EU-spec APP continued to rise, up by 0.90p to reach 154.04p/kg in the week ended 3 December. This led to prices moving to almost 25p higher than the same week last year. This movement meant that the gap between the APP and the SPP increased by 0.15p to stand at 2.65p/kg.
The price for both weights of weaners saw rises in the week ended 10 December, with 30kg weaners seeing an increase of £3.42 compared to the previous week to reach £56.54/head, while 7kg weaners rose by almost a pound to reach £38.46/head. This meant that 30kg weaners were almost £15 higher than the same week in 2015, while 7kg weaners had over an £8 premium.
Mark Kozlowski, Senior Analyst
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