GB pig prices slip slightly
During the week ended 25 August, the EU-spec SPP dipped by 0.39p, to 148.71p/kg.
The continued slow decline in GB pig prices contrasts with the situation in Europe, where prices have been climbing recently.
Estimated slaughterings for the week also fell back, totalling 169,000 head, which is 5% (8,400 head) below the previous week’s estimate. This may follow from some processors operating on a short week ahead of the bank holiday. However, the estimate was still 4% (6,600 head) above throughputs in the same week last year. The average carcase weight for the SPP sample remained more than 1kg below year earlier levels, at 82.39kg. This was a modest 120g increase on the previous week’s average.
Following an increase in the previous week, in the week ended 18 August the EU-spec APP declined by 0.60p to 152.3p/kg. This was the largest weekly decline since February, perhaps compensating for the upward movement the week before. The latest figure stands 15.90p below year earlier levels. As the APP recorded a larger decrease than the SPP in the week, the gap between the two series narrowed again, to 3.20p.
In the week ended 25 August, GB 7kg weaner prices decreased by £1.16, to £37.35/head. No 30kg weaner price was recorded due to the sample not being statistically robust. Demand is still generally reported to be poor, reflecting concerns about higher feed costs and the fact 7kg pigs traded now will be finished for the traditionally more difficult New Year period.
Rebecca Oborne, Analyst
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