Pig prices pick up further
In the week ended 29 June, the EU-spec SPP gained 1.10p to reach 150.86p/kg. This price is now actually half a penny higher than year earlier levels. Nonetheless, in contrast to much of mainland Europe, prices remain well below this time in 2017.
Supplies were higher than in recent weeks, with slaughter estimated at 168,000 head, up 2% on the previous year. Average carcase weights also increased to 83.82kg, over a kilo heavier than the same week in 2018 when hot weather led to challenging production conditions.
The APP increased by 0.71p to 152.29p/kg in the week ended 22 June. This was a slightly smaller increase than the SPP in the same week, so the gap between the two narrowed to just over 2.5p.
In week ended 29 June, 7kg weaner prices reached £37.66/head, £1.18 higher than the week before. This is the largest weekly price rise since February, bringing prices to the highest level since last November. Reports of limited fattening space continue, but rising finished pig prices should be price supportive. Similarly, the 30kg weaner price was over £1 higher than when it was last reported two weeks ago, at £51.96/head.