GB pig prices drop to 2016 levels
In week ended 9 December, the EU-spec SPP declined by a further 0.62p on the week to stand at 151.42p/kg. This means the current quote is now a marginal 0.24p below equivalent year earlier levels, and is the first time the series has dropped below 2016 levels this year.
Estimated slaughterings picked up 4% on the previous week to 180.5 thousand head. However, this was still 2% behind year earlier levels, with plant breakdowns reportedly still challenging throughputs. Meanwhile, average carcase weights declined again on the week, by 340g, to 82.84kg. This is virtually on par with year earlier levels, and the first week carcase weights have not increased on the year since April.
The EU-spec APP fell to 155.39p/kg in week ended 2 December, a decline of 0.83p on the previous week. This meant the premium over year earlier levels continued to narrow, to 1.35p. With the SPP declining at a sharper rate, the gap between the APP and the SPP widened to 3.35p/kg.
Reversing the trends of the previous week, both categories of weaner recorded price increases in week ended 9 December. The 30kg weaner price increased by £3.49 to £56.41/head, while the 7kg weaner price rose by a more modest 34p to £40.50/head. Nonetheless, 30kg weaner prices are marginally below year earlier levels for the second consecutive week. Conversely, the 7kg weaner price remains just over £2 above the previous year.
Bethan Wilkins, Analyst
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