Another small decline in GB pig prices
During the week ending 11 August, the EU-spec SPP fell by 0.55p to 149.26p/kg, the largest weekly price change in the SPP for eight weeks. The price currently stands 15.27p below year earlier levels.
Estimated slaughterings were steady year-on-year, at 168,600 head for the week, although this is a fall of 4% compared with the previous week. Meanwhile, average carcase weights for the SPP sample recovered somewhat after posting a few weeks of decline, increasing by 510g to 82.62kg. Industry reports suggest that the cooler weather has improved growth rates, although the figure is still nearly 700g below year earlier levels.
The EU-spec APP declined by 0.25p again in the week ending 4 August, to 152.70p/kg. Compared to the same week last year, this latest price stands 15.3p lower. The smaller fall in the APP during the week meant that the gap between the APP and SPP widened again, to 2.89p. Unusually, carcase weights for the APP sample remained above those in the SPP, at 82.27kg.
In the week ended 11 August, weaner prices fell amid reported sluggish demand. Some producers will also be mindful of climbing feed prices which may affect purchasing decisions. 30kg weaners declined in price by £3.28 week on week to stand at £52.79/head. 7kg weaner prices fell by £1.98 over the same period, to £37.41/head.
Duncan Wyatt, Lead Analyst
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