GB pig prices still edging up - Week ended 1 July
In the week ending 1 July, the EU-spec SPP recorded another small gain on the week (0.15p/kg) and was nearly 39p higher than the same point in 2016, at 162.43p/kg.
Furthermore, the current quote marks the highest price for this series in nearly three years. Estimated slaughterings for the week were at 166,600 head, 2% lower week on week, but remained relatively stable compared to the same week a year ago.
Average carcase weights in the week ending 1 July declined by 400g week on week, but remained 450g heavier than the equivalent week last year, at 82.18kg. The average probe also slipped by 0.1mm in the latest week to measure 11.0mm. A fall in both of these measures is in line with the typical seasonal trend and is likely a knock on effect from the hot conditions experienced during some of June slowing down finishing.
The EU-spec APP was at 165.69p/kg in the week ending 24 June, marginally up on the week (0.09p) and over 40p higher than the same point a year earlier. The gap between the APP and the SPP has narrowed slightly and now stands at 3.41p/kg.
In terms of weaner prices, both categories slipped in the week ending 1 July. The 30kg weaner price lost 30p week on week to stand at £59.95/head, but is nearly £19/head up on the year. 7kg weaner prices were at £43.91/head in the week ending 1 July, 46p lower on the week, but nearly £14/head more year on year.
Millie Askew, Senior Analyst (Red Meat)
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