GB pig prices fall once again - week ended 2 September
In the week ending 2 September the EU-spec SPP declined for the second consecutive week. At 163.74p/kg the current quote is 0.43p lower week on week, but remains 25.5p above year earlier levels.
Despite the week ending 2 September including a bank holiday, estimated slaughterings increased by 7% on the week to 173,300 head. In the previous week, reports suggested that some plants experienced breakdowns and short working weeks, which could have contributed to the rise in slaughterings. Likewise, some plants even worked on bank holiday Monday. The latest level of throughputs are also 5% up on the equivalent week in 2016.
Average carcase weights also increased in the week ending 2 September to 84.02kg, the heaviest recorded since early March. The current weight is 500g up week on week and 1.5kg heavier than the same period last year. The rise in weight on the week could be partly attributed to animals having to stay on farm longer.
The EU-spec APP also declined in the week ending 26 August, to 167.67p/kg, 0.53p down week on week, but nearly 28p higher than year earlier levels. As the APP recorded a slightly larger decline in the week, the gap between the APP and the SPP narrowed slightly to stand at 3.5p/kg.
In the week ending 2 September both weaner categories declined in price. 30kg weaner prices lost 39p on the week, standing at £60.31/head, but remain £14.16 above the same period in 2016. 7kg weaner prices declined by 48p week on week to £44.42/head, but were £10.02 higher year on year.
Millie Askew, Senior Analyst
email@example.com, 024 7647 8968