GB pig prices continue to ease back
The EU-spec SPP for week ended 13 January stood at 148.22p/kg, a decrease of 1.43p compared to the previous week.
This was the largest week-on-week decline since October, and represents the 21st week of continually falling pig prices. Declining prices are generally expected at this time of year, due to subdued consumer demand and an enhanced supply of pigs following the holiday period. Nonetheless, prices are now almost 3p behind year earlier levels.
Carcase weights recorded only a marginal increase (+150g) compared to the previous week, averaging 84.87kg. This was over 600g above equivalent year earlier levels. Estimated throughputs stood at 173,600 head for the week which was a 2% increase on the year and 23% higher than the previous short slaughtering week.
The EU-spec APP fell to 152.66p/kg for the week ended 6 January. This was a week-on-week decrease of 0.64p, which meant the gap with the SPP narrowed to just over 3p, the smallest difference since November.
For the week ended 13 January, 30kg weaners averaged £51.81/head, down £3.15 on two weeks ago and just over £2 less than in the same week last year. Trade remains quiet, and as such differences in the mix of pigs traded this week may have influenced the decline. 7kg weaners also fell back on the week by 41p to £37.72/head, less than £1 below 2017 levels. This is the lowest price since December 2016, and suggests trade is progressing cautiously in light of falling finished pig prices.
Bethan Wilkins, Analyst
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