GB pig prices fall again
The EU-spec SPP declined further in week ended 30 September, down 0.6p week on week. At 160.44p/kg, the current quote remains 18.21p higher than year-earlier levels.
After three weeks of consecutive declines, in week ended 30 September, estimated slaughterings increased 12% on the week to 184,300 head. Although this is a rise of over 4% on the equivalent week last year, it follows a 9% fall on the year last week. Declines in previous weeks have been largely attributed to continued plant breakdowns, hence the increase this week is likely a result of previously held back pigs being brought into the production cycle. Demand reportedly remains subdued, adding to the pressure on prices.
Average carcase weights increased by 390g to 84.65kg, now standing 2.25kg above year-earlier weights. Although a seasonal increase would be expected at this time of year, this is the highest weight recorded since the series began. The disruption to production mentioned above has likely influenced the scale of this increase.
The EU-spec APP also declined in week ended 23 September, down 0.73p week on week to 165.00p/kg. This returns the APP to levels last seen at the start of June. Meanwhile, the gap between the APP and SPP widened to 3.96p.
Weaner prices moved in opposing directions in week ended 30 September. 30kg weaner prices declined £1.91 on the week to £58.31/head, overriding the previous week’s increase but remaining £8.95 above year-earlier levels. 7kg weaner prices increased by £1.26 to £44.03/head, and were £7.60 higher year on year.
Annie Linekar, Trainee Analyst
firstname.lastname@example.org, 024 7647 8723