Pig prices soften slightly
During the week ended 15 September pig prices continued on their downward trajectory of late. The EU spec SPP fell by 0.28p, to 147.77p/kg. The price is currently 14.56p below last year’s price.
Estimated slaughterings were down around 4,500 head on the previous week to total 172,000 head. Industry reports suggest that supply is currently meeting demand, both of which are somewhat disappointing for the time of year. The average carcase weight for the SPP sample for the week is 82.89kg. This is a 410g rise on the week, although remains over a kilogram below the weight last year. Reports suggest this is a consequence of poorer growth rates through the summer, with some producers still need to clear out pens in order to maintain throughputs despite the pigs perhaps not being at their target weight.
In contrast to the SPP, the EU-spec APP rose slightly on the week, up 0.20p in the week ended 8 September, to finish on 151.58p/kg. The current figure is 14.70p less than year earlier levels. The current price rise has widened the gap to SPP, now measuring a 3.53p difference between the two prices.
In the week ended 15 September, GB 7kg weaner prices averaged £35.01/head, £2.73 less than the previous week. 30kg weaner prices averaged £50.98/head which is £2.76 lower than the previous week.
Tom Forshaw, Analyst
Tom.Forshaw@ahdb.org.uk, 024 7647 8647