A slippery slope for GB pig prices
The downward trend in GB pig prices continued for another week. In the week ended 16 February the EU-spec SPP fell 0.24p to 137.50p/kg, almost 9p below year earlier levels. Nonetheless, there are continued industry expectations that tightening supplies, following difficulties with fertility levels last summer, might ultimately stem the ongoing price decline. EU pig prices also moved up slightly in the week ended 10 February.
Estimated slaughterings in the week stood at almost 171,000 head, down 3% on the previous week and back just over 11% on the same week of 2018. AHDB slaughtering estimates have been revised following the Defra statistics release last week. Average carcase weights slipped again to average 84.98kg, still above year earlier levels but now by only around 700g.
The EU-spec APP slipped 0.68p on the week, to 143.21p/kg, in the week ended 9 February. The gap between the SPP and APP had been widening recently, but during this week it actually narrowed slightly to 5.47p.
The price for 7kg weaners in the week ended 16 February was recorded as £35.83/head, marginally up (+44p) from the previous week. There was insufficient data to provide a statistically robust 30kg weaner price.
Rebecca Oborne, Analyst
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