GB finished pig prices level off

In the week ending 7 August, the EU-spec SPP took a slight downward turn, levelling 20 consecutive weeks of growth. The measure fell by 0.14p on the week before to average 160.79p/kg. The price is now 3.05p below the same point a year ago, but still 7.87p above the five-year average.

Slaughter of finished pigs at GB abattoirs was estimated to be 162,800 head for the week, 1.8% lower than the week before. There are reports of significant numbers of pigs being rolled across a number of producers, as well as Covid-related staffing issues giving way to more systemic staffing problems in some abattoirs.

Carcase weights averaged 86.26kg, 180g lighter than the week before, but still 560g heavier compared to the same point a year ago. We can now expect carcase weights to start to increase again, if pigs are held on farm for longer.

The EU-spec APP averaged 165.73 in the week previous (w/e 31 July), up 0.58p on the week before. The SPP recorded a smaller increase that week, and so the gap between the SPP and APP widened to 4.80p.

In the week ending 7 August, 7kg weaners averaged £41.18kg/head, down £1.22 on the price for the same point a year ago.

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