Pig prices continue decline
During the week ended 22 September pig prices continued to track down as they have been in recent weeks.
The EU spec SPP fell by 0.09p, to 147.68p/kg. The price is currently 13.36p below last year’s price.
GB estimated slaughterings were up around 600 head on the previous week to total 172,600 head. Industry reports suggest that supply is slightly ahead of demand, which remains subdued. The average carcase weight for the SPP sample for the week remained steady at 82.89kg.
In contrast to the SPP, the EU-spec APP rose slightly on the week, up 0.16p in the week ended 15 September, to finish on 151.74p/kg. The current figure is 13.99p lower than year earlier levels. The current price rise has widened the gap to the SPP, now measuring a 3.97p difference between the two prices.
In the week ended 22 September, GB 7kg weaner prices averaged £34.50/head, 51p less than the previous week. 30kg weaner prices averaged £55.16/head which is £4.18 higher than the previous week.
Amey Brassington, Trainee Analyst
Amey.Brassington@ahdb.org.uk, 0247 693 5743