UK pig prices - week ended 25 June
The EU-spec SPP rose again in week ending 25 June, by 0.63p to 122.16p/kg.
This is the twelfth week of growth, although at a slightly more modest rate than the previous four weeks. However, the SPP still stands at just under 11p less than at this time a year earlier. Continued export demand was a driving factor behind supporting prices. Estimated slaughterings fell from the previous week, by 3% to 162 thousand head. They were also down 2% on the same period a year earlier, which contributes to the evidence that supplies are beginning to tighten. Again, average carcase weights fell, albeit modestly, by 0.12kg to 81.54kg. Therefore, average carcase weights were largely on par with the same time a year earlier.
In the week ending 18 June, the EU-spec APP increased further, by 1p to 125.01p/kg. The gap between the APP and SPP narrowed further to just under 3.5p, illustrating that the SPP increased at a greater rate during this week.
30kg weaners remained largely static in their price, falling a mere £0.03 in week ending 25 June, to £40.42/head. 7kg weaners recorded modest growth of £0.39 to stand at £30.48/head. These slight movements infer that confidence in the longer-term view is remaining largely static.
Vikki Campbell, Senior Analyst
vikki.Campbell@ahdb.org.uk, 024 7647 8741