UK PIG PRICES- WEEK ENDED 22 APRIL
The EU-spec SPP continued to climb in week ending 22 April to 156.16p/kg, with demand reported to be good even though supply was up on the previous week, despite both weeks containing a holiday.
The current quote is 0.58p up week on week and nearly 43p higher on the year. Furthermore, this is the highest price that this series has achieved since September 2014.
Breaking the trend recorded over the past three weeks, estimated slaughterings increased in week ending 22 April. At 163,200 head, throughputs were 11% up on the week, but remain 9% lower than the equivalent week in 2016. It is worth noting that slaughter numbers may have been reduced by Easter. Average carcase weights increased slightly (200g) on the week and remained relatively stable on the year at 83.50kg. The weekly rise in weight could also be attributed to the holiday, with producers’ possibly rolling pigs over.
In week ending 15 April, the EU-spec APP gained 1.01p on the week at 158.16p/kg. Likewise, the current quote is over 41p up on the same week last year. The gap between the APP and the SPP now stands at 2.58p/kg slightly down on the previous week.
Both 30kg and 7kg weaner prices increased in week ending 22 April. At £58.27/head, the 30kg weaner price is up £2.76 on the week and nearly £21 higher than the same week in 2016. At £40.81/head, the 7kg weaner price is £1 higher on the week and over £11 up on the year. Furthermore, the current quote is the highest recorded since June 2014.
Millie Askew, Analyst
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