UK pig prices - week ended 1 October 2016
The EU-spec SPP rose further during the week ended 1 October, increasing by 1.20p to 142.23p/kg.
This price is on par with levels last seen in January 2015 and is almost 13p higher than the same point last year. The rising domestic price is continuing to be supported by significant Chinese demand, coupled to the currently strong EU price and weak pound.
Estimated slaughterings were back slightly on the previous week, down 3% to 174.3 thousand head. This was also a 6% decrease on year earlier figures, suggesting supplies on the market remain relatively tight at present. The average carcase weight was 82.40kg, which was virtually static on the past month and 1% higher than the weights recorded at the same point a year earlier (up 0.68kg).
For the week ended 24 September, the EU-spec APP increased by 0.64p, reaching 143.09p/kg. This brought the APP in line with January 2015 levels and marginally narrowed the gap between the APP and the SPP by 0.01p, to 2.06p.
Both categories of weaner showed price increases for the week ended 1 October, with 7kg weaners pushing forwards 88p to £36.43/head. This is £4.43 more than the same point last year, and prices in excess of £36/head have not been seen since October 2014. The 30kg weaner price also showed a more modest increase of 31p, shifting the price to £49.36/head. This price is comparable to those last seen in October 2014, and stands £4.84 more than year earlier levels.
Bethan Wilkins, Trainee Analyst
firstname.lastname@example.org, 024 7647 8757