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Photo of SPP continues upward

Bethan Wilkins

Analyst

AHDB Pork Market Intelligence

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SPP continues upward

Home \ Prices & Stats \ News \ 2019 \ March \ SPP continues upward

The EU-spec SPP once again recorded a slight increase in the week ended 23 March, up 0.19p week-on-week to average 137.96p/kg.

Despite some recent uplift in the price, the measure remains below year-earlier levels, by 7.41p. Industry reports suggest that processors have stockpiled product in cold stores in order to prepare for Brexit, which is having a negative effect on demand.

Estimated slaughter for the week totalled 160,200 head, down 4,000 head on the previous week. Issues at one processor reportedly caused a number of pigs to roll into the following week, which could explain some of the decline. Throughputs were also down on the previous year, by 4% (-6,900 head). Carcase weights in the week averaged 84.88kg, a slight drop on the previous week but over 1.3kg heavier than the same week of 2018.

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Contrastingly, the EU-spec APP in the week ended 16 March fell slightly (-0.12p) to average 142.77p/kg. Like the SPP, the price remains below year-earlier levels, by 5.56p. The gap between the two prices now measures exactly 5p, a slight narrowing on the previous week.

Meanwhile, in the week ended 23 March, 7kg weaner prices fell by 10p to average the week on £35.45/head. The price is currently £2.56 below the 2018 price. There was insufficient data to provide a robust figure for a 30kg weaner price

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Tom Forshaw, Analyst

Tom.Forshaw@ahdb.org.uk, 024 7647 8647