UK Pig prices - week ended 17 June
The EU-spec SPP rose by 0.21p in the week ending 17 June to 161.91p/kg, as supplies have been reported to have further tightened.
This price rise continues the rally that has recorded price levels not seen in three years, and more than 40p higher than the equivalent week in 2016.
GB slaughterings confirm the tighter supply situation. For the week ended 17 June they were estimated at 161,100, down by 4,200 compared with the previous week’s figure, and the lowest throughput since Easter. Compared to a year earlier they were down by 6,600 head or 4%. Carcase weights continued to fall, ending the week at 82.69kg. This average might be a kilogram heavier than a year ago in the same week but they were still at their lowest level since Christmas.
In week ended 10 June, the EU-spec APP recorded a rise of 0.45p to stand at 165.13p/kg. The increase in the APP was lower than that in the SPP, and so the gap between the two series narrowed slightly to 3.43p after having widened during the two previous months. The average probe measurement again fell, to 11.0 mm, and was down as much as 0.3 mm compared with a year earlier.
In the GB weaner market for week ended 17 June, 7kg weaners recorded an increase of 10p to £43.96 per head, the measure climbing ever higher. 30kg weaners posted a £1.32 increase, more than reversing last week’s declines, settling at £60.86 per head. Prices for both categories of weaner are still well above year earlier levels; over £20 for 30kg weaners and nearly £14 for 7kg weaners.
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