Minimal downward movement for GB finished pig prices

Wednesday, 25 November 2020

In the week ending 21 November, the EU-spec SPP slipped by 0.16p to average 153.89p/kg. The measure is now 4.72p below a year ago.

Estimated throughput at British abattoirs during the week was 178,200 head. This was down 7,700 head on the previous week and over 10,000 head below the 5-year average for the time of year. Reports suggest that COVID-19 impacts continue to challenge processing plants. Slaughter at the levels we’re currently estimating would likely contribute to a growing backlog of pigs waiting on farms, as throughputs at this time of year are usually much higher.

However, do note that estimated slaughter numbers are calculated using the SPP sample and Defra monthly figures. When throughput at plants is challenged, pigs owned by the integrators may be prioritised for slaughter, meaning the proportion of the kill in the SPP sample is lower than usual. This could mean our estimates are on the low side, as was the case in August. Defra figures for November will be released in mid-December.

Carcase weights averaged 87.68kg, 560g lighter on the week but just over 3kg heavier on the year.

In the week ending 14 November, the EU-spec APP averaged 158.66p/kg, a fall of 0.42p on the week. The measure is now 1.54p below the price for the same week last year.

In the week ending 21 November, 30kg weaners averaged £52.88/head, up 1p from the last published price of £52.87/head for the week ending 31 October. Unfortunately, we were unable to publish a price for 7kg weaners this week.

Hannah Clarke

Analyst - Livestock

Bethan Wilkins

Senior Analyst - Red Meat

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