Another steady week for GB pig prices
The EU-spec SPP continued to be steady in the week ended 28 July, moving down by only 0.08p on the week, to reach 150.26p/kg.
This means that the price now stands at 14.5p below the same week in 2017. Industry reports allude to another week of slow trading, with fewer pigs coming forward and demand falling.
Estimated slaughterings were up 1% (2,000 head) on the week to 170,700 head, the largest throughput since late April. This is in line with the equivalent week in 2017. Average carcase weights showed a marginal decline (-60g) on the week, to stand at 82.48kg. This remains half a kilo lower than the same week last year.
The EU-spec APP also remained relatively flat in the week ended 21 July, with the measure rising by only 0.08p on the week, to 153.20p/kg. This led to prices to be 14.9p below the same week in 2017. As the SPP decline in the equivalent week, the gap between the APP and the SPP widened to 2.86p.
The prices for weaners saw opposing movements in the week ended 28 July, with 30kg weaners seeing a decline of £2.05 compared to the previous week to reach £53.34/head, while 7kg weaners rose by £0.49 to £39.49/head. This puts the 30kg weaners £6.53/head below, and 7kg weaners £4.85/head below the previous year levels.
Felicity Rusk, Trainee Analyst
Felicity.Rusk@ahdb.org.uk, 024 7647 8818