GB pig prices continue to climb
In the week ended 12 May, the EU-spec SPP rose a further 0.59p on the week. At 147.21p/kg, the current quote is 11.24p lower than the equivalent week last year.
Estimated slaughterings were on par with the previous week at 161.9 thousand head. Despite this, throughputs were still 2.5% (4,100 thousand head) behind the same period last year. Average carcase weights changed little on the week averaging 83.09kg. The average weight is now 170g lighter than year earlier levels. The unusually warm Bank holiday period is likely to have resulted in strong demand in the week supporting processors in clearing stocks.
The EU-spec APP rose 0.87p in the week ended 5 May, to stand at 149.64p/kg. As seen in the equivalent week’s SPP, this is the largest increase on the week since July 2017. However, this is 11.57p behind the same week last year. The weekly gain is larger than the SPP in the same week. As such, the gap between the APP and SPP widened once again, to 3.02p.
Weaner prices moved in opposing direction for the week ended 12 May, The price for 30kg weaner dropped £5.29 to £47.50/head, now £11.86 behind year earlier levels. Conversely, 7kg weaner rose a marginal 26p to £37.64/head, still £4.86 lower than the same week the year earlier.
Felicity Rusk, Trainee Analyst