Pig price continues to decline
During the week ending 10 November, the EU-spec SPP declined by 0.41p on the week to 143.92p/kg, 10.12p lower than the same week in 2017.
Industry reports suggest demand remained relatively subdued, with reports of processors just taking in contracted numbers, at a time of year when demand historically starts to pick up in the lead up to Christmas.
GB estimated slaughterings increased on the week once again, up by 1,200 head to 182,400 head. This also resulted in a year-on-year increase in slaughterings of 6,500 head. The average weight for the EU-spec SPP sample remained relatively unchanged on the week at 84.73kg.
In the week ending 3 November, the EU-spec APP fell 0.78p week on week to 148.17p/kg. This was also 9.67p below year earlier levels. The price differential between the SPP and the APP has widened once again to stand at 3.84p.
In the week ending 10 November, the average 7kg weaner price increased by £1.38 to £37.06/head. The average 30kg weaner price was £49.23/head, though there was insufficient data in the week ending 3 November to comment on the weekly change.
Amey Brassington, Trainee Analyst
Amey.Brassington@ahdb.org.uk, 0247 693 5743