GB pig prices still moving downwards
In the week ended 16 December, the EU-spec SPP fell a further 0.42p on the week. At 151.00p/kg, the current quote is 0.82p lower than the equivalent week last year, and is on par with values last recorded in November 2016.
Estimated slaughterings were up 1% on the previous week at 185.8 thousand head, reportedly boosted by the processing of pigs that were rolled in the week prior when plant breakdowns caused disruption. Despite this, throughputs were still almost 3% behind year earlier levels in the same period. Average carcase weights decreased on the week once again, by 590g to 82.25kg. Following record high weights in recent months, the average weight is now a negligible 30g heavier than year earlier levels.
The EU-spec APP fell 0.39p in the week ended 9 December to stand at 155.00p/kg, which was a mere 0.54p above year earlier levels. Driven by the sharper decline in the SPP in the same week, the gap between the APP and the SPP widened once again, to 3.58p/kg.
Weaner prices moved in opposing directions in the week ended 16 December. The price for 30kg weaners dropped £4.80 to £51.61, now £3.73 below year earlier levels. Conversely, 7kg weaner prices rose a marginal 12p to £40.62, now standing £1.49 higher year on year.
Please note that pig prices for week ended 23 December will not be published until the week commencing 2 January 2018, when prices for week ended 30 December will also be released.
Annie Linekar, Trainee Analyst
email@example.com, 024 7647 8723