GB pig prices record another fall
In the week ended 28 October the EU-spec SPP recorded another decrease on the previous week, falling 1.04p to 156.03p/kg.
While this quote remains almost 9p above year earlier levels, this is the first time the premium over the previous year has fallen below the 10p mark since September 2016.
Estimated slaughterings edged 1% ahead of the previous week to 178.85 thousand head, which was also 2% above year earlier levels. Increasing supplies are likely adding pressure to prices at present. Accentuating this, carcase weights remained strong in the week, with the average for the SPP sample standing at 84.66kg. This is 1.6kg above year earlier levels, though marginally (70g) lower than the average for the previous week.
The EU-spec APP fell by 0.66p in week ended 21 October to 160.36p/kg. This was the ninth consecutive week of price declines for the series, with the most recent figure now standing around 12p higher than year earlier levels. The gap between the APP and the SPP for the same week widened slightly to 3.29p, as the SPP recorded a slightly sharper decline.
Weaner prices for the week ended 28 October actually recorded some uplift, with both categories averaging higher prices than in the previous week. The 30kg weaner price gained £2.43 on the week to average £58.73/head. Meanwhile the 7kg weaner price increased by £1.19 to stand at £42.99/head. Both the 30kg and 7kg weaner quotes remain above last year’s level, by £9.92 and £5.51 respectively.
Bethan Wilkins, Analyst
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