SPP weights continue to break records
The EU-spec SPP continued to slide in the week ending 19 January, falling by -0.71p to stand at 138.78p/kg.
The measure currently sits nearly 9.5p below the equivalent week in the previous year.Typically, pig markets tend to slow down following the festive period, with industry reports suggesting poor demand.
Estimated slaughterings stood totalled 183,800 head, similar to the previous week and over 7,000 head more above the equivalent week in 2018. The average carcase weight rose (270g) once again to a new high for the SPP sample, at 86.14kg per head. This placed the measure almost 1.7kg heavier than the same time last year, with delays to marketing through Christmas seemingly still pushing up average carcase weights. As such, the average probe measurement recorded was 0.3mm higher than the equivalent week last year, at 11.4mm.
In the week ending 12 January, the EU-spec APP fell 0.9p to average at 144.92p/kg. In the same week, the SPP declined less significantly. As such the gap between the SPP and the APP narrowed to 5.43p, ending its record breaking streak.
The 30kg weaner price slipped in the week ending 19 January, falling £3.68/head to stand at £43.91/head. Meanwhile, the 7kg weaner price also recorded a more modest decline (£1.40) and finished the week on £35.56/head.
Felicity Rusk, Analyst