UK Pig Prices - Week ended 02 February 2017
For week ended 4 February, the EU-spec SPP fell for the fifth consecutive week at 149.96p/kg, a decrease of 0.6p.
The further declines in the SPP reflect the usual post-Christmas trend that has been seen over the past few years. However, compared to a year ago, prices are holding up relatively well helped by the lower supplies, with the current quote 36.54p/kg higher than the same week in 2016.
Estimated slaughterings remain down year on year in the week ending 4 February. At 168.6 thousand head, throughputs were 2% below the same point in 2016 and 1% lower than the previous week. Likewise, average carcase weights declined for the second week in a row, by 140g, to 84.24kg. Compared to the same week a year ago, the current average weight is just 20g heavier.
The EU-spec APP also continued to decline in the week ended 28 January, to 153.69p/kg, a total decrease of 0.13p. Nevertheless, the current quote remains above the same week a year ago by, 35.46p. The gap between the APP and SPP has narrowed slightly and now stands at 3.13p, compared to 3.22p the previous week.
In week ended 4 February, diverging trends were recorded once again in the weaner prices. 7kg weaners recorded a decrease of £1.04 at £38.22/head. Nevertheless, 30kg weaner prices increased by £0.13 on the week to £54.98/head. Compared to the same week a year ago both 7kg and 30kg weaner prices are higher by £8.65 and £19.12 respectively.
Millie Askew, Analyst
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