UK pig prices- week ended 18 February
The EU-spec SPP saw a small increase during week ended 18 February, rising 0.15p to 149.81p/kg.
Prices have now hovered around the 150p level for over three months now. Tighter supplies than this time last year mean prices remain well above year earlier levels, with the most recent figure standing 37.49p above the equivalent week in 2016.
Estimated slaughterings were stable compared to the previous week, at 162.1 thousand head. This meant throughputs were back 8% relative to 2016 as supplies continued to tighten. Meanwhile average carcase weights declined marginally, by 270g on the week, falling to 84.07kg. This figure was just 20g above the year earlier level. Despite this, the average probe reading during the week continued to fall, to 11.0mm. This suggests the mix of pigs coming forward continues to be leaner this year.
The EU-spec APP was stable during the week ended 11 February. At 152.92p/kg, the figure increased by less than a tenth of a penny compared to the previous week, but still remained 35.75p above the equivalent 2016 figure. This movement meant the gap between the APP and the SPP grew by over 0.3p, to 3.26p/kg.
Both categories of weaners saw prices decline during week ended 18 February, with 30kg weaners back £1.48 on the week, reaching £55.12/head, while 7kg weaners saw prices fall by 80p to stand at £38.23/head. This meant the average 30kg and 7kg weaner prices remained above year earlier figures by more than £19 and £9 respectively.
Mark Kozlowski - Senior analyst