Steadying decline in GB pig prices
The EU-spec SPP continued its descent in week ended 25 November, falling 0.42p to 153.24p/kg. The current quote is just 2.5p higher year on year; the smallest premium over year earlier levels since August 2016.
Estimated slaughterings in week ended November 25 totalled 188.5 thousand head. Although this was a 2% weekly decline, last week recorded significantly higher throughputs (13% higher on the week). Furthermore, estimated slaughterings in the week ended 25 November remained almost 3% higher than the equivalent period in 2016. Average carcase weights fell 630g on the week, but remained 340g higher year on year at 83.65kg. The fall on the week could potentially be a result of pigs being brought forward in light of Christmas demand.
The EU-spec APP also fell 0.42p to 156.56p/kg in the week ended 18 November. Although the declining trend is continuing, this was the smallest weekly drop since the start of September. The gap between the APP and SPP narrowed fractionally to 2.90p/kg, following the slightly sharper drop in the APP.
Both categories of weaner prices reported marginal rises in the week ended 25 November. The price for 30kg weaners rose 35p on the week to average £56.07/head, just over £3 higher year on year. Meanwhile, 7kg weaner prices recorded an even more modest increase of 14p during the week to average £41.25/head, now £3.40 higher than the equivalent week last year.
Annie Linekar, Trainee Analyst
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