Slight easing in GB pig prices
During the week ending 4 August, movement in the EU-spec SPP was reasonably subdued yet again.
The figure declined by 0.45p, to 149.81p/kg. While this was still a modest price movement, it was the largest weekly price change in the SPP in seven weeks, and the largest decline since April. Currently, the price stands 14.7p below year earlier levels.
Industry reports continue to suggest trading is sluggish, although estimated slaughterings were up 5% year-on-year, to 175,500 head for the week. This was also a 3% rise on the previous week, and represents the largest estimated weekly throughput since April. Average carcase weights for the SPP sample recorded another decline week-on-week (-370g), to 82.11kg. This is now a significant 1.2kg below year earlier levels, perhaps a reflection of the warm weather being experienced recently.
The EU-spec APP declined 0.25p in the week ending 28 July, to 152.95p/kg. Compared to the same week last year, this latest price stands 15.5p lower. The larger decline in the APP during the week meant that the gap between the APP and SPP narrowed, and now stands at 2.69p. Interestingly, carcase weights for the APP sample have not fallen to the same extent in recent weeks, and so were virtually on par with the SPP sample in week ended 28 July, at 82.53kg.
In the week ended 5 August, weaner prices recorded diverging trends. 30kg weaners gained back the previous week’s decline to stand at £56.07/head, up £2.73 week-on-week. Meanwhile, 7kg weaners remained stable, declining just £0.10, to £39.39/head.
Rebecca Oborne, Analyst
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