Pig prices pick up
In the week ended 31 March, the EU-spec SPP increased. At 145.85p/kg, the price averaged 0.48p higher than the previous week. This is the largest week-on-week increase since July 2017. Although prices stood 7.28p/kg behind year earlier levels.
The return to an increase in the SPP comes as throughputs fall back compared with a week earlier. At 168,100 head, estimated slaughterings were steady on the year but 10% lower than the previous week and likely affected by the long weekend. Average carcase weights were steady week-on-week at 83.58kg. However, they were 110g behind year earlier levels, which would have further eroded production volumes.
At 148.63p/kg, the EU-spec APP in the previous week ended 24 March rose 0.30p on the week. This was also the largest weekly increase since July. With the SPP recording a more modest increase than the APP the gap between the two prices widened to 3.26p.
For the week ended 31 March, 7kg weaner prices remained steady on the week averaging at £38.02/head. This put the price at £1.75 behind year earlier levels. No price was reported for 30kg weaners this week.
Abigail Schofield, Trainee Analyst
Abigail.Schofield@ahdb.org.uk, 024 7647 8610