UK pig prices- week ended 18 March
In week ending 18 March, the EU-spec SPP rose for the third consecutive week, by 0.86p to settle at 151.04p/kg.
This price is 39p higher than the same week in 2016. This increase came despite a rise in the estimated slaughterings by 3,000 head to 163,000 for the week. However, numbers are still 14,000 lower than last year’s in the equivalent week. Clearly the availability of pigs remains tight with some processors having to raise their prices. Average carcase weights fell slightly in week ending 18 March by 250g to 83.92kg. This is still 190g heavier than the year before.
The EU-spec APP gained 0.24p in week ending 11 March, to 153.72p/kg. A year ago this price was nearly 38p lower in the same week. The price gap between the APP and SPP remains at 3.54p/kg, the same as last week.
In week ending 18 March, weaner prices both fell, although by differing amounts. 30kg weaner prices gave back last week’s gains, falling 38p to £55.27/head, and prices for 7kg weaners fell by 23p to £38.27/head. These are however both higher than a year ago, by £18.45/head and £10.48/head respectively.
Duncan Wyatt, Lead Analyst
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