Another small decline for GB pig prices
During the week ended 1 September, the EU spec SPP fell by 0.43p, to 148.28p/kg. This continues the slow decline in pig prices of late. The price is currently 15.46p below last year’s price.
Estimated slaughterings were much the same as the previous week, up by just 300 head to total 169,400 head. While the latest week’s figures include bank holiday Monday, it is possible the previous week’s slaughter was also affected, with reports suggesting some plants were closed on the Friday before. When compared to the previous year, the latest slaughter estimate is down around 3,600 head (-2%). This is only the tenth week this year that has recorded lower year-on-year slaughterings. However, the differences compared to 2017 over the previous two weeks are likely influenced by processors altering production days around the bank holiday, which may vary year to year. The average carcase weight for the SPP sample for the week is 82.66kg. This is an increase of 270g on the previous week’s figure, but a significant 1.3kg less than the previous year.
Continuing on from a decline last week, the EU-spec APP dropped again, by 0.14p, in the week ended 25 August, to finish on 152.16p/kg. The current figure is 15.51p below year earlier levels. In the corresponding week, the SPP declined more severely and so the gap between the two prices has widened slightly, to 3.45p.
In the week ended 1 September, GB 7kg weaner prices averaged £37.49/head, a small increase of 14p compared to the previous week. The 30kg weaner price stood at £54.92/head. There was no price recorded last week but the price is £3 higher than the price recorded two weeks ago.
Tom Forshaw, Analyst
Tom.Forshaw@ahdb.org.uk, 024 7647 8647