GB pig prices continue to slip
In the week ended 2 December, the EU-spec SPP fell 1.2p on the week to average 152.04p/kg. The current quote is only 0.65p higher than the equivalent week last year, which is the smallest premium since the series surpassed year earlier levels at the start of August 2016.
Estimated slaughterings fell 8% on the week and 9% on the year to 174 thousand head in week ended 2 December, with anecdotal comments suggesting a shift in kill week patterns. Carcase weights fell for the third consecutive week, by 470g to average 83.18kg. Even so, the average weight remains 80g heavier than year earlier levels, contributing to reportedly buoyed supply.
In the week ended 25 November, the EU-spec APP fell 0.34p to 156.22p/kg, 3.08p higher than year earlier levels. The gap between the APP and SPP in the same week widened slightly to 2.98p/kg, driven by a larger decline in the SPP.
Both weaner price categories declined in the week ended 2 December, offsetting the marginal increases recorded in the previous week. The price for 30kg weaners decreased by £3.15 week on week to £52.92/head; 20p lower than the same period last year. This is the first time since July 2016 that this price series has dropped below year earlier levels. The price for 7kg weaners fell a more modest £1.09 on the week to £40.16, £2.68 higher year on year.
Annie Linekar, Trainee Analyst
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