SPP stands on for another week
- EU-spec SPP ↑0.04 to 153.05p/kg (w/e 17 August)
- EU-spec APP ↑0.46 to 155.67p/kg (w/e 10 August)
- Estimated slaughter → at 168.6 thousand head
GB finished pig prices have continued to lack direction in the week ending 17 August. The EU-spec SPP remained nearly 4p above the equivalent week last year. Demand is still reportedly lacklustre, particularly from a retail perspective.
Estimated slaughter for the week totalled 168,600 head, marginally higher (+500 head) than the revised figure for last week. However, this is almost 6% lower than the equivalent week last year. This could be influenced by a later harvest this year compared to last year, and so producers are now preoccupied out in the fields.
Carcase weights were marginally heavier (+70g) on the week, at 83.57kg/head. Finished pigs were on average 1.3kg heavier than the same time last year. This was the largest annual change since the end of March, boosting supplies on the market.
In the week ending 10 August, the EU-spec APP was 2.8p above the same week in the previous year and 4.5p above the five-year average. While in the SPP did increase in the same week, the movement was marginal. As such, the gap between the APP and the SPP widened to 2.66p.
For the week ending 17 August, 7kg weaner markets continued to move down. Prices fell by 77p on the previous week to average £38.90/head. Despite the decline, prices are still around 40p above last year’s prices. Supplies of 7kg weaners are reportedly ample; however, demand was described as lacklustre. Unfortunately, there was insufficient data available to produce a 30kg weaner price this week.