Wednesday, 20 May 2020
By Felicity Rusk
In the week ending 16 May, the EU-spec SPP continued its slight upwards trajectory. Prices increased by 0.04p on the week, to average 164.34p/kg. This puts prices 19.9p above the same week last year.
Estimated slaughter totalled 159,400 head, only 0.7% (1,100 head) more than in the previous week. Throughputs were down in the previous week due to the early May holiday, and so some processors worked a reduced week. However, reports indicate deep cleaning following an outbreak of COVID-19 also disrupted throughput at one major processor in the most recent week. Furthermore, supplies of pigs tend to reduce seasonally at this time of year.
Market conditions were reportedly very similar to the previous week, with good demand in relation to supplies.
Carcase weights were slightly lighter than in the previous week (-70g), averaging at 84.91kg.
In the week ending 9 May, the EU-spec APP also recorded an increase. Prices increased by 0.20p to average 167.27p/kg. With the SPP increasing by slightly more in the same week, the difference between the two measures narrowed to 2.97p.
Weaner prices moved down in the week ending 16 May. Prices for 7kg weaners fell by 83p on the week, to average £41.81/head. Meanwhile, prices for 30kg weaners also fell on the week, to £57.83/head. Reports suggest that supplies of both weight categories were good.