Finished pig prices fall, but weaners rally
During the week ending 22 December, the EU-spec SPP declined by 0.52p on the week to 141.68p/kg.
This price was 8.72p below the price in the same week of 2017. Again this downward trend in prices is likely a reflection of sustained softer demand and weaker European prices.
Supply generally matched demand, however, with GB estimated slaughterings down 9,300 head (-5%) on the previous week and 9,400 head (-5%) below the same week last year, totalling 177,200 head. Average carcase weight for EU-spec SPP also fell by almost 500g on the week to 83.34kg. Nevertheless, average weights continue to be over a kilo heavier than the corresponding week in 2017, suggesting fewer pigs have been pulled forward this year than last.
In contrast, the EU-spec APP for the week ending 15 December picked up by 0.17p on the week to 146.67p/kg. However, this was 7.58p below year earlier levels. As a result, the price differential between the APP and the SPP in the corresponding week has widened again to stand at 4.47p
In the week ending 22 December, both categories of weaner price increased. The average GB 30kg weaner price increased by £4.00 to £47.61/head. The average GB 7kg weaner price rose more modestly by £1.20 on the week to £36.44/head.
Pig prices for the week ending 29 December will be published later this week.
Amey Brassington, Trainee Analyst
Amey.Brassington@ahdb.org.uk, 0247 693 5743