UK pig prices - week ended 3 June 2017
The EU-spec SPP rose again in the week ending 3 June, bringing the quote to 160.85p/kg as demand continues to exceed supply.
Estimated slaughterings were 162,600 head, 300 up on the week before and 200 ahead of the same week in 2016. This came despite the week containing a Bank Holiday, although there were reports of some abattoirs remaining open. This is the first week in 2017 when slaughterings were no longer below those of a year earlier other than one week in late March, when last year they were reduced by Easter. In the week ending 3 June, carcase weights rose from last week’s lows, by 420g to 83.23kg and were up over 1 kg on the same week in 2016. The probe measurement last week was up by as much as 0.3mm on the previous week but unchanged on a year earlier at 11.2 mm.
In the week ending 27 May the EU-spec APP also rose, this time by 1.04p to 163.70p/kg. The quote is 42.59p higher than a year ago in the same week. The gap between the APP and the SPP is now 3.6p/kg, and so has widened slightly week on week.
30kg and 7kg weaner prices diverged slightlyin the week ending 3 June. At £60.25/head, the 30kg weaner price was 35p up on the week taking it to £20.83/head higher than the equivalent week in 2016. 7kg weaner prices however, fell by 2p on the week to £43.29/head, although the current quote is still £13.49/head higher than the same week last year.