Pig Prices continue downward trend
During the week ending 20 October, the EU-spec SPP fell for the 14th consecutive week, declining 0.93p. This is the biggest weekly fall during the 14 week period and the price now averages 145.37p/kg, 11.70p below the same week last year.
GB estimated slaughterings for the week totalled 173,300 head, 10,600 head down on the previous week and around 1.5% (-2,700 head) below the same week last year. Industry reports suggest that some factories are having trouble with reliability and that throughput capacity is up and down as a result. This could explain some of the fluctuation in estimated slaughterings recorded recently. The average carcase weight for the SPP sample was 84.32kg. This is an increase of 680g compared to the previous week but 410g lighter than the same week last year.
The EU-spec APP also declined slightly in the week ending 13 October, down 0.62p to finish the week on 149.39p/kg. This is 11.63p below year earlier levels. The gap between the APP and the SPP in the corresponding week measures 3.09p, which is slightly narrower than the previous week and actually the smallest difference since August.
In the week ending 20 October, GB 30kg weaner prices fell by £4.62 on the previous week’s average to stand at £47.54/head. The 7kg weaner price also fell, but only by 63p, and averaged the week at £36.92/head.
Tom Forshaw, Analyst
Tom.Forshaw@ahdb.org.uk, 024 7647 8647