GB finished pig prices hold steady

By Felicity Rusk

In the week ending 6 June, the EU-spec SPP remained steady on the week, at 164.45p/kg. However, this time last year was when pig prices started to rise considerably, and so the year-on-year change has continued to erode. As such, this puts prices 16.6p above the same week last year.

Estimated slaughter continued to rise, totalling 171,500 head, 1.3% (2,200 head) more than in the previous week. However, it is important to note that the previous week (w/e 30 May) contained the Whitsun Bank holiday. Nevertheless, throughputs are up by around 3,000 head on the year, a contrast to previous weeks, which could suggest that supplies of pigs are starting to improve. Demand meanwhile, continues to be reported as strong.

Carcase weights averaged 84.45kg, 350g less than in the previous week. While this is the lowest weekly average carcase weight this year, this movement in in line with normal seasonal trends.

Meanwhile in the week ending 30 May, EU-spec APP recorded a decline of 0.39p, to average 166.94p/kg. While the SPP did also decline in the same week, it was not to the same degree. As such, the gap between the two narrowed to 2.49p.

Prices for 7kg weaners in the week ending 6 June recorded a marginal decline on the week. Prices averaged £42.53/head, 35p less than in the previous week. Demand for both 7kg weaners and 30kg stores was reported as good. However, supplies of both weight bands were reported as tight.

Unfortunately, there was insufficient data available to produce a 30kg weaner price this week.

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