Minimal movement in GB pig prices
In the week ended 18 August, the EU-spec SPP slipped by a marginal 0.16p, to 149.10p/kg. The price currently stands 15.56p below the same week last year.
Estimated slaughterings rose 4% compared to the revised figure for the previous week, to 177,400 head. Compared to the same week last year, this is also an increase of 5%. However, while throughputs may be picking up somewhat, supply is still being constrained by average carcase weights. The average carcase weight for the SPP sample declined by 350g during the latest week, to 82.27kg, counteracting some recovery in the previous week. The latest figure therefore now stands over 1kg below year earlier levels again.
During the week ending 11 August, the EU-spec APP record a week-on-week gain of 0.20p to 152.90p/kg, 15.22p below year earlier levels. Due to the SPP and APP recording diverging trends during this week, the gap between the two prices widened to 3.64p, the widest since September 2017.
For the past three weeks the APP carcase weight had been unusually trending above the SPP carcase weight. However for this latest week the carcase weight fell back below the SPP carcase weight for the same week, having been recorded at 82.52kg.
In the week ended 18 August, GB weaner prices recorded different trends. The 7kg weaner price rose £1.10 on the week, to £38.51/head. Meanwhile, the 30kg weaner price slipped 87p, to £51.92/head.
Rebecca Oborne, Analyst
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