Pig prices flat as slaughterings pick up
GB finished pig prices remained stable and recorded no change in the week ending 14 July, with the EU-spec SPP persisting at 150.47p/kg. The price was climbing at this time last year, which has left the current figure 13.7p/kg lower than 2017 levels.
Any limitations on throughput due to the CO2 shortage seem to be easing; estimated slaughterings during the week totalled 167,300 head, a 5% increase on the previous week and just over 1% higher than year earlier levels. This is also the highest weekly estimate since mid-June. Nonetheless, reports suggest demand for pigs is somewhat depressed with some processors reported as being relaxed about shorting contracted numbers. Average carcase weights increased by 220g compared to the previous week, to 82.91kg. This has resulted in the increase on last year’s levels growing somewhat, to 350g.
The APP increased marginally in the week ending 7 July, gaining 0.09p/kg. The EU-spec APP now stands at 153.17p/kg; the price at this time last year was rising more rapidly, and as such the difference to the same week in 2017 now measures over 14p/kg. The difference between APP and SPP narrowed further, to 2.70p/kg.
In the week ended 14 July, in contrast to the previous week, 7kg weaners lost ground slightly (-21p) to stand at £39.33/head. Meanwhile 30kg weaners were slightly up on the week, to £54.25/head, an increase of 11p. Both prices remain below 2017 levels, with 30kg weaners down by over £7/head, while 7kg weaners are down by just over £4/head.
Tom Forshaw, Analyst
Tom.Forshaw@ahdb.org.uk, 024 7647 8647