Pig prices remain stable
The EU-spec SPP remained relatively stable in the week ended 27 July, gaining just 0.29p to average 152.79p/kg.
This is around 2.5p above last year’s price for the corresponding week. The price is also just under 5p above the five-year average for the time of year.
Estimated slaughter for the week totalled 167,400 head, well below the previous week (-11,700 head) and lower than the previous year (-5,500 head). Industry reports suggest the hot weather last week caused issues with some processors’ refrigeration, delaying kills. Carcase weights averaged 83.29kg, back slightly on the week. This was still 800g heavier than in 2018, continuing the trend seen throughout the year.
Meanwhile, in the week ended 20 July, the EU-spec APP averaged 154.72p/kg. This is also relatively stable on the previous week, though the price did fall by a marginal 0.21p. The price is still above both last year’s price and the 5-year average by 1.5p and 4.1p respectively. As the SPP moved up in the same week, the gap to the SPP narrowed to 2.22p. This is the smallest difference since November 2016.
The 7kg weaner price averaged £38.70/head in the week ended 27 July, down 33p on the previous week. Similarly, the 30kg weaner fell by £2.66 since it was last reported two weeks ago, and averaged £51.49/head.