Finished pig prices remain steady
The EU-spec SPP remained relatively steady in the week ending 15 January, only increasing by 0.04p on the week to average 162.78p/kg. Nevertheless, prices remain over 25p above last year and the five-year average.
Estimated slaughter continued to fall, dropping back by 1% (1,600 head) compared to last week, to total 175,600 head. Industry reports suggest that though both supply and demand have fallen back, they are pretty well balanced. However, there are still concerns from exporters over how the outbreak of coronavirus could affect the market.
Carcase weights were 140g lighter than last week, averaging 85.71kg.
In the week ending 8 February, the EU-spec APP recorded an increase of 0.23p on the week. In the same week, the SPP recorded a smaller price increase. As such, the gap between the two widened to 1.9p.
For the week ending 15 February, the 7kg weaner price recorded a marginal increase of 40p to average £42.91/head. This puts prices over £7/head above the same week in the previous year. In contrast, the 30kg weaner price recorded a decline on the week, although only marginally (-14p). Supplies were reported as ample, while demand was reportedly poor due to a lack of available accommodation.