Pig prices continue to rise
In the week ended 13 July the EU-spec SPP rose 0.56p to average the week on 152.20p/kg.
This is now 1.73p above the price this time last year. Demand is reported to be fairly slow but some products have been boosted by some barbeque trade.
Estimated throughput for the week totalled 169,800 head, similar to last year. However, this was down 5,400 head compared to last week, with reports suggesting there has been some disruption caused by industrial action. Average carcase weights were up slightly (+350g) to 83.64kg, also 730g heavier than last year.
Meanwhile, in the week ended 6 July, the EU-spec APP averaged 154.27p/kg. This is a rise of 1.01p compared to the previous week. The price now stands 1.10p higher than last year. The gap between the APP and the SPP reached 2.63p, slightly wider than the previous week due to a larger increase in the APP than the SPP.
The 7kg weaner price averaged £38.04/head in the week ended 13 July, up just 21p on the previous week. Industry reports continue to suggest lacklustre demand, though prices have now risen for three consecutive weeks, reaching the highest level since last November. The 30kg weaner price stood at £54.15/head, over £2 higher than when prices were last reported two weeks ago.