Pig prices back on the rise
After two consecutive weeks of decline in the EU-spec SPP, the measure has gained over half a penny in the most recent week. In the week ending 13 April, the measure firmed by 0.64p to average 138.31p/kg. It is possible that the strong demand for EU pork from China due to the ongoing epidemic of African Swine Fever has finally lent support to prices.
Estimated slaughter was down by 2% (4,500 head) on the week, to 175,300 head. The decline is not surprising after several weeks of reports of processor breakdowns some batches of pigs being rolled. Carcase weights were also down on the week. Averaging 84.76kg/head, carcases were around 220g lighter than in the previous week.
In the week ending 6 April, the EU-Spec APP marginally increased by 0.02p, to stand at 142.64p/kg. This places the measure 5.27p below the equivalent week last year. With the SPP falling in the same week, the gap between the APP and SPP widened to 4.97p.
The 7kg weaner price fell in the week ending 13 April to average £35.73/head. The measure is 30p below the previous week’s price and nearly £1.50 behind where it stood last year. There was insufficient data to provide a robust figure for the 30kg weaner price.
Felicity Rusk, Analyst