GB pig prices just holding steady
The EU-spec SPP for week ended 21 July stood at 150.34p/kg, a marginal decrease of 0.13p compared to the previous week. This places the measure 14p below last year’s levels.
Carcase weights recorded a decline of 370g compared to the previous week, averaging 82.54kg, which also happens to sit 370g below the equivalent week in the previous year. The lower carcase weights may reflect some slowdown in pig growth rates due to the recent warm weather. Estimated throughputs stood at 168,800 head for the week, which is in line with 2017 levels and 1% higher than the previous slaughtering week.
The EU-spec APP fell marginally on the week to 153.12p/kg for the week ended 14 July. This was a week-on-week decrease of 0.05p, which meant the gap with the SPP narrowed to 2.65p, the smallest difference since the end of March.
For the week ended 21 July, similar to the previous week’s movements, 30kg weaners gained on the week (£1.14) to stand at £55.39/head. This is the highest the price has been since early December 2017. Meanwhile, 7kg weaners lost ground slightly (-33p) to stand at £39.00/head. Both 7kg and 30kg weaner prices remain well below 2017 levels (£5.60 and £4.10 below respectively). Changes in the mix of pigs being traded have likely been influencing price fluctuations in recent weeks. Reports suggest there is a widening gap between prices for spot and contract weaners, with little impetus on the spot market as buyers are cautious over the future level of feed prices.
Felicity Rusk, Trainee Analyst
Felicity.Rusk@ahdb.org.uk, 024 7647 8818