UK PIG PRICES - WEEK ENDED 11 MARCH
In week ending 11 March, the EU-spec SPP rose for the second week in a row, at 150.18p/kg, an increase of 0.24p.
Compared to the same week in 2016, the current quote remains at nearly 38p higher. Prices have been boosted by supplies tightening even further with estimated slaughterings falling by nearly 6,000 head on the week at 157,100 head. Likewise, compared to the same week a year earlier, throughputs are 18,600 head lower. This continued the development of last week of a much sharper fall in slaughterings on 2016 compared with previous weeks. Average carcase weights remained relatively stable in week ending 11 March, increasing by just 50g at 84.17kg. Nevertheless, compared to the same week in 2016, the current average is over 1kg heavier.
The EU-spec APP gained 0.36p in week ending the 4 March, at 153.48p/kg, the highest price for this series since late January. Furthermore, compared to the same week last year the current quote is almost 38p higher. The gap between the APP and SPP remains relatively unchanged at 3.54p/kg.
In week ending 11 March, weaner prices recorded differing trends. 30kg weaner prices climbed on the week by 39p, standing at £55.65/ head. On the other hand, 7kg weaner prices remained unchanged at £38.50/ head. However, compared to the same week last year both 30kg and 7kg weaner prices are higher, by £19.11/head and £9.14/head respectively.
Millie Askew, Analyst
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