UK Pig Prices- week ended 20 May
The upward trend in GB pig prices continued in week ended 20 May, with the EU-spec SPP rising 0.76p to stand at 159.21p/kg.
This is now the twelfth consecutive week of price rises, with the series adding nearly 10p over that time to reach the highest level since early August 2014. With supplies remaining tight and good demand, the current quote is almost 43p higher than the year earlier level.
Estimated slaughterings remained behind year earlier levels (-3%) during the week, at 167,900 head. However, following the trend of the previous two weeks, throughputs did rise 1% week-on-week. Meanwhile at 83.15kg, average carcase weights remained above year earlier levels (+840g), but continued to decline week-on-week (-110g).
The EU-spec APP also increased in week ended 13 May, climbing 0.65p to reach 161.86p/kg. This meant the gap between the APP and the SPP widened slightly, to around 3.4p. Stronger increases in the APP over the past few weeks have resulted in the difference widening again, having previously narrowed to 2.92p for April.
As for finished pigs, the GB weaner market continues to be strong as supplies remain tight. The 7kg average increased 46p for week ended 20 May, at £42.78 per head. This is now the sixth consecutive week of price increases for the series, reaching the highest level since January 2014. At £59.78 per head, the 30kg price added 42p on the previous week, and was the highest figure since records began in 2006.
Bethan Wilkins, Analyst
email@example.com, 024 7647 8757