UK PIG PRICES- WEEK ENDED 13 MAY
In week ending 13 May, the EU-spec SPP rose for the eleventh consecutive week, to hit the highest level since early August 2014.
At 158.45p/kg, the current quote is 0.63p up on the week and nearly 43p higher than the same week in 2016.
Estimated slaughterings rose for the second consecutive week, in the week ending 13 May. At 162,900, the current level of throughputs are 1% higher than the previous week, but were 5% lower than the equivalent period in 2016. Average carcase weights fell once again in the week ending 13 May, to the lowest since the end of 2016. At 83.26kg, the current weight is 320g down on the week, but 650g more than the same week in 2016.
The EU-spec APP continued to rise in the week ending 6 May to the highest level since August 2014. At 161.21p/kg, the current quote is 1.68p higher week on week, the largest weekly gain recorded in seven months. Furthermore, the latest price is 43.5p up on the same week last year. The gap between the APP and the SPP widened slightly in the week ending 6 May to 3.39p/kg.
In week ending 13 May, both 30kg and 7kg weaner prices increased with shortages continuing to be reported. At £59.36/head 30kg weaner prices are 53p up week on week. 7kg weaner prices recorded a greater increase on the week of £1.10 to £42.32/head. Both 30kg and 7kg weaner prices are higher than the same week in 2016 by £22.40 and £12.99 respectively.
Millie Askew, Analyst
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