UK pig prices - week ended 24 September
The EU-spec SPP continued its rise in week ended 24 September, up 0.65p to 141.03p/kg.
This price was last seen in January 2015, and is almost 11p greater than the same point a year earlier. As has remained the case for the past few months, strong Chinese demand and the buoyant EU price are continuing to support the domestic price.
Estimated slaughterings were up 11% on the previous week, to 179.5 thousand head. Reports of some processers starting to pull pigs forward for the Christmas trade were floated, rather than supplies becoming more abundant. Estimated slaughterings were also up 4% on the year earlier.
For week ended 17 September, the EU-spec APP was up 0.70p, to 142.45p/kg. This returned the APP to January 2015 levels, and increased the gap between the APP and SPP marginally, to 2.07p.
Weaner prices for both categories increased, with 30kg weaners pushing forwards £1.78 to £49.05/head. This was last recorded in November 2014, and the current quote is £5.54 more than at the same point last year. The 7kg weaner price rise was more modest, at 42p, moving the price to £35.55/head. Again, this price was last seen in November 2014, and stands almost £3 more than a year earlier.
Vikki Campbell, Senior Analyst
Vikki.Campbell@ahdb.org.uk, 024 7647 8741