GB pig prices steady on the week
In the week ended 10 March the EU-spec SPP remained steady on the week, rising by a modest 0.05p to 145.71p/kg. The price stood 4p below year earlier levels when, in the equivalent week last year, prices were rising.
Estimated slaughterings were up 11% on the year at 178,700 head. Estimated slaughterings were also 10% ahead on the week, which is to be expected given the bad weather conditions of the previous week. Also likely related to the poor weather conditions, average carcase weights dropped 340g on the week to 83.94kg. This was also 230g below year earlier levels.
The EU-spec APP in the week ended 3 March fell 0.17p on the week to 148.58p/kg. With the SPP remaining steady and the APP decreasing the gap between the two price series has narrowed slightly to 2.92p/kg.
For the week ended 10 March the 30kg weaner price stood at £50.30/head, 12p higher than the price recorded two weeks ago. No trade data was available for last week due to the bad weather. Despite this slight rise, the price stands £5.35 below the same week last year. The price for 7kg weaners recorded a £1.69 rise on the week, averaging at £37.44/head. Although, the price was still £1.06/head lower than the same week of last year.
Abigail Schofield, Trainee Analyst
Abigail.Schofield@ahdb.org.uk, 024 7647 8610