SPP back on upward track
In the week ending 2 November, the EU-spec SPP rose, more than counteracting the slight decline of last week. All weight bands recorded price increases, ranging from just under half a penny to just over a penny.
Overall estimated slaughter was similar to last week, but a little higher than last year. Within this, there were 25% fewer heavy pigs (100.0kg and over) slaughtered in this week compared to last week. The average price of the few that were slaughtered actually recorded a larger weekly increase than the overall SPP, of 1.07p.
Average carcase weights fell by over half a kilogram on the week (-680g), to average 84.53kg/head. This also meant that carcase weights were below year-earlier levels (-240g) for the first time this year.
In contrast to the SPP in the week ended 26 October, the EU-spec APP rose slightly. This increased the gap between the two series to 2.09p.
In the week ended 2 November, 7kg weaner prices weakened slightly. Reports suggest that demand is limited as a lack of fattening space continues to influence the market.
A 30kg weaner price has been reported for the first time in four weeks, averaging £57.02/head. This is the highest price for this category since late 2017.