Wednesday, 21 October 2020
By Charlie Reeve
For the week ending 17 October, the EU-spec SPP continued on a downward trajectory. The SPP averaged 157.64p/kg, down 0.17p on the previous week. Domestic prices continued to be influenced by low prices on the continent, where African swine fever in Germany is impacting on export potential. The SPP is currently less than a penny above the same week last year as the gap continues to tighten.
Estimated slaughter for the last week totalled 181,400 head; this is still marginally up on the same week last year, but slightly down on the revised figures for the previous week.
Carcase weights averaged 86.62kg, a decrease of 170g week-on-week. Despite this small decrease, average carcase weights are still up by nearly 2kg year-on-year and so remain very high.
The EU-spec APP price totalled 162.08p/kg for the week ending 10 October, a minimal increase on the previous week of just 0.04p. This may represent some market adjustment after a significant price decrease of over a penny last week. The gap between the APP and SPP has now widened further to 4.27p, the largest gap since April 2019.
30kg weaner prices for the week ending 17 October increased week-on-week by 26p to reach £56.95/head. This is £7.74 up on the five-year-average of £49.22/head.