Pig prices continue to increase

By Bethan Wilkins

The recent recovery in GB pig prices has continued in the week ended 22 May, with a 1.23p rise in the EU-spec SPP to 151.74p/kg.

The price has now increased for 10 consecutive weeks, adding over 12p over this time, and is at its highest level since late November. While this will offer some welcome relief for producers, the current price is still well below the estimated pig production cost in Q1, which was 174p/kg. Prices are also still nearly 13p below year earlier levels.

Market reports continue to describe supplies as tight, which will be influenced by falling carcase weights. The average weight in the SPP sample for the week was 86.55 kg, 210 g lower than the week before and the lowest level since last September. Domestic demand also remains robust and reports indicate demand in Europe has started to pick up recently too.

The EU-spec APP also continued to increase in the week ended 15 May, rising by 1.69p to 153.89p/kg. As a result, the gap between the APP and the SPP narrowed to 3.38p.

Subscribe to receive pork market news straight to your inbox. Simply complete our online form.

While AHDB seeks to ensure that the information contained on this webpage is accurate at the time of publication, no warranty is given in respect of the information and data provided. You are responsible for how you use the information. To the maximum extent permitted by law, AHDB accepts no liability for loss, damage or injury howsoever caused or suffered (including that caused by negligence) directly or indirectly in relation to the information or data provided in this publication.

All intellectual property rights in the information and data on this webpage belong to or are licensed by AHDB. You are authorised to use such information for your internal business purposes only and you must not provide this information to any other third parties, including further publication of the information, or for commercial gain in any way whatsoever without the prior written permission of AHDB for each third party disclosure, publication or commercial arrangement. For more information, please see our Terms of Use and Privacy Notice or contact the Director of Corporate Affairs at info@ahdb.org.uk  © Agriculture and Horticulture Development Board. All rights reserved.