Pig prices fall back

In the week ending 19 February the EU-spec SPP fell by 1.28p to 137.49p/kg, the lowest price we have seen since early 2019.

The GB estimated slaughter, also dropped this week to 182,100 head, down 3,200 head on last week. This is 9% lower than the estimated slaughter for the same time last year, however it is 1% above the 5-year average. Carcase weights increased slightly to 95.04kg, still sitting 5kg heavier than 2021.

The number of heavy pigs in the SPP sample is still much higher than normal, however the price effect on the SPP is relatively limited, to find out more read our article The effect of heavy pigs on the SPP – Feb 2022.

The EU-spec APP stood at 143.00p/kg in the week ending 12 February, a drop of 0.47p counteracting last weeks rise.  The gap between the APP and the SPP has narrowed slightly to 4.23p.

The 7kg weaner prices were at £33.95/head for the week ending 19 February. This is the first price recording we have received for this category this month and is down £4.37/head on the 5-year average.

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