SPP changes direction
After a few weeks’ increases, the EU-spec SPP recorded a week-on-week decline of 0.23p, to stand at 137.73p/kg in the week ending 30 March. The measure continues to trend below year earlier levels. Brexit is of course continuing to bring uncertainty to the market.
Estimated slaughter for the week increased on the prior week, to 176,000 head. A rise was expected after reports of an issue at one processor last week, causing pigs to be rolled into this week. Carcase weights increased to average 85.22 kg which could also be reflective of pigs being rolled.
The EU-spec APP reflected the previous trends in the SPP increasing 0.39p to 143.16p/kg in the week ending 23 March. Like the SPP the price remains below year earlier levels. The gap between the two measures widened to stand at 5.2p.
30kg weaner prices during the week ending 30 March stood at £47.87/head, which is up from the last reported price in the middle of March. Meanwhile the 7kg weaner price fell by £0.22, to stand at £35.23/head.
Rebecca Oborne, Analyst
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