UK pig prices- Week Ended 11 February
The EU-spec SPP fell again during week ended 11 February, declining 0.3p to 149.66p/kg.
Despite the seasonal price falls seen over the past few weeks, prices have remained well above year earlier figures. Aided by a tighter supply situation, the most recent figure stood 36.77p above the equivalent week in 2016.
Estimated slaughterings continued to be down on the year during the week, at 166.0 thousand head. This meant throughputs were back 4% relative to 2016 and were also 2% below the previous week’s levels. Meanwhile average carcase weights showed a small increase on the week, reaching 84.34kg. This figure was 60g above the year earlier level. Despite this, the average probe reading during the week was the lowest since August, at 11.1mm. This suggests the mix of pigs coming forward was leaner than it had previously been in recent months.
The EU-spec APP also fell again during the week ended 4 February. At 152.89p/kg, the figure declined 0.8p on the previous week, but still remained 35.58p above the equivalent 2016 figure. This movement meant the gap between the APP and the SPP narrowed by 0.2p, to 2.93p.
Both categories of weaners saw price increases during week ended 11 February with supplies still generally tight. 30kg weaners saw prices rise £1.62 on the week, reaching £56.60/head, while the 7kg weaner price rose by 81p to stand at £39.03/head. This meant the average 30kg and 7kg weaner prices were above year earlier figures by more than £19 and £9 respectively.
Bethan Wilkins, Analyst
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