GB pig prices drop again
In the week ended 11 November, the EU-spec SPP declined 1.12p on the week to stand at 154.04p/kg, now 4.18p above year earlier levels.
Estimated slaughterings in the week ended 11 November totalled 173.6 thousand head, down 8% on the week and almost 6% on the same period last year, reflecting industry reports of plant breakdowns and shorter kill weeks resulting in pigs being turned away. This also follows an increase in slaughterings last week, hence the weekly decline is likely not an indication of overall trend. Carcase weights rose again this week, albeit marginally, to average 84.85kg; 1.5kg heavier year on year, and 140g higher on the week.
The EU-spec APP fell by 1.17p to 157.84p/kg in week ended 4 November, continuing the period of decline observed since the end of August. Nonetheless, the series remains 6.90p higher than the equivalent week last year. The gap between the APP and SPP for the same week narrowed slightly to 2.68p, driven by the marginally sharper decline in the APP.
Changes in weaner prices were mixed for the week ended 11 November. The 30kg weaner price gained 86p on the week to average £57.05/head, now £3.06 above year earlier levels. Meanwhile, the price for 7kg weaners stayed stable, dropping 3p to £41.99/head, and moving £5.22 higher year on year.
Annie Linekar, Trainee Analyst
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