GB finished pig prices continue to move up
GB finished pig prices continued their upward trajectory in the week ending 16 November. This puts prices over 14p above both the same week last year and the five-year average.
Estimated slaughter for the week totalled 187,300 head, 2% (2,900 head) less than in the previous week. Reports suggest that domestic retail demand continues to be lacklustre. However, some abattoirs are operating on the weekends, perhaps to capitalise on strong export demand. Additionally, reports suggest that some processors have already laid out their festive slaughter schedule.
Carcase weights were on average 430g lighter than in the previous week, at 84.37kg/head. Finished pigs were on average half a kilo lighter than the same time last year. Supplies looked to have been tighter as fewer, lighter pigs were slaughtered.
In the week ending 9 November, the EU-spec APP increased marginally (0.4p/kg). The APP rose by nearly twice as much as the SPP in the same week, as so the gap between the two widened to 2.13p
For the week ending 16 November, the 7kg weaner price increased marginally (+38p) on the week. This puts prices over £5.50/head above the same week last year. Demand was reported as steady.
Unfortunately, there was insufficient data to provide a 30kg weaner price this week.