Pig prices slip slightly
The EU-spec SPP faltered a little in the latest week (24 August), falling 0.1p to average 152.95p/kg.
The price was falling at a quicker rate at this time last year, and so the price is actually now over 4p higher than the 2018 price.
Estimated weekly slaughter totalled 159,200 head, a sizable drop from the previous week (-9,400 head). However, this could have been due to the bank holiday leading to a slightly reduced kill. Carcase weights average 83.45kg, marginally higher than the previous week. Supplies on the market remain ample as the carcase weight continues to hover around 1kg above the 2018 weight.
The EU-spec APP for the week ending 17 August remained relatively stable. At 155.61p/kg, the price is 0.06p back on the previous week. The differential between the APP and SPP now stands at 2.56p, slightly narrower than the previous week.
For the week ended 24 August, the 7kg weaner price also remained relatively stable, averaging £39.01/head. This is slightly above both last year’s price and the 5 year average for the time of year. 30kg weaners averaged £53.17/head, although the sample wasn’t large enough last week to provide a comparison.