Little change for GB pig prices
The EU-spec SPP for the week ended 21 April stood at 145.27p/kg, a modest increase of 0.11p compared to the previous week.
Despite the slight week-on-week rise, the latest quote is 10.89p behind year earlier levels as prices were following a strong upward trend this time in 2017. This is the largest year-on-year drop since June 2016.
Estimated throughputs stood at 166,100 head for the week ended 21 April. This was 4% behind the previous week and on par with year earlier levels, despite slaughterings in 2017 being impacted by the Easter bank holiday. As such, it seems supplies have tightened somewhat, perhaps suggesting the challenging winter is now feeding into weekly throughputs. Average carcase weights stood at 83.74kg, 150g below the week earlier. However, this was still over 200g ahead of year earlier levels.
The EU-spec APP rose to 148.41p/kg for the week ended 14 April. This was a week-on-week increase of 0.50p. With the SPP recording a more modest increase in the equivalent week, the gap between the two series widened to 3.25p.
For the week ended 21 April, 7kg weaners averaged £36.98/head, down 21p on the week and £3.83 lower than the previous year. There was no price reported for 30kg weaners for the most recent week, due to insufficient data available to provide a statistically robust price.
Abigail Schofeild, Trainee Analyst
Abigail.Schofield@ahdb.org.uk, 024 7647 8610