UK pig prices - week ended 3 December 2016
A further rise of 0.65p was seen in the EU-spec SPP for week ended 3 December, which reached 151.39p/kg.
This price stands almost 26p more than the equivalent year earlier figure and is also almost 7p more than the 2014 level. Price inflation has slowed somewhat over the past four weeks, perhaps as a result of some strengthening in the pound. Nonetheless, tight supplies and healthy export demand has enabled modest weekly price rises to continue.
With Christmas fast approaching, estimated slaughterings were up 4% on the previous week at 189 thousand head. However despite this increase, throughput remained 4% below year earlier levels, reflecting the reduction in available supplies this year. Average carcase weights showed little change on the week, declining slightly to 83.10kg. This is still over a kilo heavier than last year. Average carcase weights have exceeded year earlier figures by over 1kg for the past three weeks now, which may partially mitigate the impact of reduced throughput on pig meat production.
For week ended 26 November, the EU-spec APP rose by 0.39p to reach 153.14p/kg. This was the smallest weekly price rise since April, though the price was still over 23p higher than the week in 2015 and the highest price since the start of November 2014. This movement modestly reduced the gap between the APP and the SPP, by 0.19p to stand at 2.40p/kg.
Opposing fluctuations were seen again in weaner prices for week ended 3 December. 7kg weaners fell in price by 37p, to stand at £37.48/head, while 30kg weaners showed a modest 11p price rise to reach £53.12/head. This gave the 30kg weaner price a substantial £13 premium over the week in 2015, while the 7kg figure was also over £6 above last year’s level.
Bethan Wilkins, Trainee Analyst
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