UK pig prices - week ended 10 September
The EU-spec SPP rose further in week ended 10 September, by 1.65p to 139.89p/kg.
This price has not been recorded since January 2015, and stands almost 9p more than at the same point last year. The strong European price has helped support the UK price over recent months. While the EU price has levelled of late, recent positive movements in the German price, which is a significant driver of the EU price, may move this northwards again, and subsequently provide further buoyancy to the UK price.
Estimated slaughterings were up slightly on the previous week, by 3%, to 185 thousand head. They were also up 7% on the previous year. The average carcase weight was down marginally on the previous week, by 0.23kg to 82.29kg, although was still around levels last recorded in May.
In week ended 03 September, the EU-spec APP also increased, by 0.59p, to 140.37p/kg. This returns the APP north of 140p/kg for the first time since February 2015, while the gap between the APP and SPP has fallen, to 2.13p.
Both categories of weaners continued to strengthen in price in week ended 10 September. 30kg weaners reversed their downturn of the previous week, increasing by 93p to £47.08/head. This returned the price to January 2015 levels, and stood almost £2 more than the same point last year. 7kg weaners posted a 17p increase, to £34.57/head. This was the tenth consecutive week of price increases, resulting in the current quote standing over £2 more than a year earlier.
Vikki Campbell, Senior Analyst
Vikki.Campbell@ahdb.org.uk, 024 7647 8741