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Martin Doherty

Senior Analyst - Data & Analysis

AHDB Pork Market Intelligence


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Pig Prices (UK Spec)

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The UK-spec SPP continued on a downward trajectory in the week ended 9 February, back 0.40p to average 135.28p/kg. The current price is around 8p lower than the same week of 2018. Industry reports suggest that supply could become tighter in the coming months which could relieve some pressure on the price.

Estimated slaughterings in the week were 186,000 head, up 3,000 head compared to the corresponding week of 2018. Carcase weights fell slightly to average 86.89kg. The current carcase weight remains above year earlier levels.

After a slight increase the week before, the UK-spec APP came back again slightly in the week ended 2 February. Averaging 141.33p/kg, the price was down 0.20p on the week and is currently 5.9p below the previous year’s price in the equivalent week. With the SPP falling at a slightly quicker rate, the gap between the two prices has widened again, with the APP now 5.65p above the SPP price for the corresponding week.

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In the week ended 8 December, despite stable throughputs the UK-spec SPP fell by 0.71p compared to the previous week, to 140.01p/kg. This represents the largest weekly price decline for five weeks, with the current quote almost 9p behind the same week in 2017. While the gap between the two years had been narrowing since the autumn, in this latest week the SPP actually fell at a faster rate than last year.

Estimated slaughtering for the week totalled 190,800 head, virtually on par with the previous week but still 4,500 head higher than a year earlier. This is the second consecutive week in which slaughter has been above 2017 levels. The average SPP carcase weight was 85.43kg, the lowest level since mid-October, suggesting fewer pigs are now being rolled back. Nonetheless, average weights continue to be over a kilo heavier than the corresponding week in 2017, suggesting lower numbers have been pulled forward than last year. This may well push up supplies in the New Year. The average probe measurement remained unchanged at 11.3mm.

Conversely, the UK-spec APP was broadly stable, at 145.07p/kg during the week ended 1 December (+0.01p week-on-week). This leaves the current quote over 7.5p behind the same week in 2017. The gap between the APP and SPP in the same week rose to 4.35p, as the SPP recorded a decline