Pig prices pause movement for the week
The EU-spec SPP showed very little movement in the week ending 3 August, gaining just 0.01p to average 152.80p/kg.
This is about 3p above the price last year for the corresponding week and just over 5p above the five-year average for this time of the year.
Estimated slaughter for the week totalled 173,200 head, above the previous week (+5,800 head), but down on the previous year (-5,400 head). Reports suggest that weather conditions continued to be problematic. This week it seems it was extreme rain, rather than heat, disrupting operations and leading to rolled pigs.
Carcase weights were similar to last week (+20g) averaging 83.31kg. This was 1.2kg heavier than last year, maintaining this year’s trend. The annual difference was the largest since the end of April
In the week ending 27 July, the EU-spec APP averaged 155.75p/kg, an increase of 1.03p on the week. This is above the price last year by 2.8p. The relatively large weekly increase compensates for a slight decline the week before. With the SPP increasing only modestly in the same week, the gap between the two price series widened to 2.96p.
The 7kg weaner price averaged £39.80/head in the week ended 3 August, up £1.10 on the week. The 7kg price for July was therefore up 4.5% at £38.72/head. There was no 30kg weaner price reported for the week ending 3 August, as the sample was not statistically robust,