Pig prices fall as production volumes pick up
GB pig prices declined in the week ended 7 April, with the EU-spec SPP falling 0.97p to 144.88p/kg.
This resumes a downward trend following increases in the previous two weeks. Prices were 9.59p behind year earlier levels.
Estimated slaughterings were 3% ahead of the year earlier totalling 174,500 head, which is likely to have weighed on the market. Estimated slaughterings were also 4% higher than the previous short Easter week, supporting reports that most major processors operated on a full week post Easter Sunday. Average carcase weights were also up 770g on the week at 84.35kg and 850g ahead of year earlier levels. This would have pushed up production volumes further.
The EU-spec APP in the week ended 31 March, averaged 148.29p/kg, 0.34p lower than in the previous week. With the increase in SPP and a decline in APP over the week, the gap between the two price series narrowed to 2.44p.
In the week ended 7 April, 7kg weaner prices decreased by £1.04 averaging £36.98/head. This puts the price £2.40 behind the year earlier levels. For the second consecutive week no price was reported for 30kg weaners due to insufficient data available to provide a statistically robust price.
Abigail Schofeild, Trainee Analyst
Abigail.Schofield@ahdb.org.uk, 024 7647 8610