UK PIG PRICES- WEEK ENDED 8 APRIL
In week ending the 8 April, the EU-spec SPP climbed once again, to hit the highest for this series since the start of October 2014.
At 154.47p/kg, the current quote is 1.34p up on the week and over 41.6p higher than the same week in 2016.
Estimated throughputs fell once again on the week, albeit marginally (500 head) to 164,500 head, and slaughterings remain 6% lower than the same week a year ago. This adds further emphasis to the tight supply situation we are in domestically at the moment. Likewise, anecdotal reports suggest that some abattoirs are having to pay more in order to secure their requirements including for satisfying the fresh market. Supplies on the continent remain tight with further price rises taking place, helped by the warmer weather boosting demand.
Average carcase weights also fell for the fourth consecutive week in week ending 8 April. At 83.50kg, the current weight is 190g lower week on week and is now 270g below the same week a year earlier. The average probe measurement also fell marginally, back below the 11mm threshold to 10.9mm helped by lower carcase weights.
The EU-spec APP rose for the fifth consecutive week to 155.78p/kg, an increase of 1.07p on the week and nearly 39.5p higher than the same point in 2016. The gap between the APP and SPP closed in further to 2.65p, as the SPP recorded greater gains in week ending 1 April.
30kg and 7kg weaner prices recorded diverging trends in week ending 8 April. 30kg weaner prices gained 96p on the week at £59.08/head with shortages reported. This is the highest price for this series on records going back to 2006. However, 7kg weaner prices fell by 39p week on week, to £39.38/ head. Both 30kg and 7kg weaner prices remain well above the same week last year, by £21.15/head and £10.85/head respectively.
Millie Askew, Analyst
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