GB pig prices fall once again
In the week ended 14 October, the EU-spec SPP declined for the eighth consecutive week, recording a drop of 1.03p to stand at 157.89p/kg. The current quote is now only 12.81p above year earlier levels.
Estimated slaughterings increased by 19% on the week and almost 6% on the year in the week ended 14 October, at 183,800 head. Although this increase on the week appears dramatic, it follows a considerable drop in throughputs in the previous week (-17%).
Average carcase weights increased by 830g week on week to 85.26kg; the heaviest recorded since the series began in April 2014 and the largest weekly gain since the beginning of January this year. Reports of plant breakdowns in the previous week may have resulted in pigs being rolled over week on week.
In the week ended 7 October, the EU-spec APP decreased by 1.97p on the week to 162.02p/kg; the largest weekly decline since January 2016. Nonetheless, the APP remains 15.53p above year earlier levels. The larger drop in the APP has led the gap between the APP and the SPP to narrow to 3.10p/kg.
Weaner prices moved in opposing directions in the week ended 14 October. The 7kg weaner price declined £1.15 on the week to £42.18/head, but remains £5.81higher than year earlier levels. Meanwhile, 30kg weaner prices increased by £2.30 week on week to stand at £58.23/head; £8.46 up on the year.
Annie Linekar, Trainee Analyst
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