UK Pig Prices- Week Ended 07 January 2017
The EU-spec SPP saw its largest decline for ten months during week ended 07 January. Falling 0.66p on the previous week, the figure stood at 151.24p/kg.
This likely reflects the usual seasonal decline in demand during the post-Christmas period. Nonetheless, tighter supplies this year have maintained the price over 32p above the equivalent 2016 figure, when the SPP was falling more significantly.
Following from this, estimated slaughterings were back 14% on the year earlier figure, at 148.6 thousand head, though this was affected by the short New Year week. However, throughput was 25% higher than the previous week’s figures, which were affected by the double Christmas bank holiday. Carcase weights increased again, rising 0.97kg on the previous week’s figure to 84.26kg. This was slightly higher than the year earlier figure, though heavier carcase weights are expected at this time of year due to producers being unable to market their pigs over the Christmas period.
The EU-spec APP returned to positive movement for week ended 31 December, rising 0.16p to stand at 154.81p/kg. This was over 27p more than year earlier levels, when prices were in decline. The increase marginally widened the gap between the APP and the SPP by 0.06p, to 2.91p/kg.
Weaner prices moved in opposite directions during week ended 07 January. 30kg weaners showed a modest price increase of 0.18p on the week, to stand at £56.65/head. This was over £17 more than during the same week last year. Conversely, the 7kg weaner price declined by £1.08 during this period to £37.92/head, though this also maintained a £6.60 price premium over the equivalent 2016 figure.
Bethan Wilkins, Trainee Analyst
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