SPP continues to gain ground
In the week ending 9 November, the EU-spec SPP rose by a modest 0.23p, adding further to last week’s gain. All but one weight band recorded price increases, with pigs weighing over 100kg increasing the most, by 1.43p.
Overall estimated slaughter rose on the week, and it was also higher than the same week last year. Average carcase weights increased too, by over a quarter of a kilogram on the week, to average 84.80kg. This brings carcase weights to within a whisker of their level a year ago.
Like the SPP, in the week ended 2 November the EU-spec APP rose. The gap between the two series fell to 1.95p.
All the major UK abattoirs are now approved to send trotters to China, and this, along with reports of trade in whole pigs, would be expected to further support the market going forward. Retail demand on the domestic market reportedly remains a challenge though.
In the week ended 9 November, 7kg weaner prices weakened slightly, indicating more than enough supply to meet demand. It was possible again to produce a 30kg weaner price, at £54.87/head. This was a drop of £2.15 compared with the previous week.