GB pig price rise accelerates - week ended 8 July
In the week ending 8 July, the EU-spec SPP climbed for the 19th consecutive week, to reach the highest level in over three years.
At 163.86p/kg the current quote is 1.43p up on the previous week and represents the largest weekly price rise since the beginning of April. The price was over 37p higher than the same period in 2016. Estimated slaughterings also fell once again in the week ending 8 July which undoubtedly contributed to the large price rise last week. At 161,100 head the latest level of throughputs are 3% lower week on week and 9% less on the equivalent week last year. On the other hand, average carcase weights increased on the week by 350g to 82.53kg, which are also heavier, by 860g, year on year. Probe weights however, remained stable on the week at 11mm.
The EU-spec APP was at 166.01p/kg in the week ending 1 July, 0.32p up week on week and over 39p higher than the same week in 2016. The gap between the APP and SPP grew slightly as the APP recorded larger gains and now stands at 3.58p/kg.
In the week ending 8 July, the 30kg weaner price gained £1.17/head on the week, standing at £61.12/head. On the other hand 7kg weaner prices remained relatively stable (+7p) on the week at £43.98/head. Both 30kg and 7kg weaner prices are higher than year earlier levels, by £18.30/head and £12.92/head respectively.
Millie Askew, Senior Analyst
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