GB pig price decline continues
The EU-spec SPP decreased modestly once again in the week ended 30 December, following a decline in the week prior. The series fell 0.62p/kg on the week to 149.78p/kg, which was 2.12p lower than the equivalent week of 2016.
Estimated slaughterings in week ended 30 December were 44% lower than the previous week at 101.9 thousand head, reflecting the loss of slaughter days due to bank holidays in the week between Christmas and New Year. Slaughterings were also 11% lowerthan the same week last year, though had been above year earlier levels in the previous week. In fact, in the two-week period ended 30 December, estimated slaughterings were actually 4% above 2016 levels.
Contrary to the declining trend witnessed in recent weeks, in week ended 30 December carcase weights rose a substantial 2.07kg on the week to 84.12kg, increasing the difference on year earlier levels to 830g.
In week ended 23 December, the EU-spec APP fell 0.49p/kg compared to the previous week, to stand at 153.76p/kg. The price is now 0.89p lower than the equivalent week a year earlier. In the same week, the gap between the APP and SPP widened on the previous week to 3.36p, reflecting a larger drop in the SPP this week.
Following small declines in both categories last week, the picture was mixed for weaner prices in week ended 30 December. The price for 30kg weaners rose £4.06 to average £54.96/head; £1.51 lower year-on-year. Meanwhile, the price for 7kg weaners dropped a marginal 19p to stand at £40.17/head, which was £1.17 higher than year earlier levels.
Annie Linekar, Trainee Analyst
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