Pig prices steady for yet another week

The EU-spec SPP remained little changed again in the week ending 29 February, down only 0.06p on the week to average 162.67p/kg. Slightly fewer pigs came forwards compared to both last week and the week last year. The two highest price bands had the biggest reduction in numbers, and this contributed to the slight price decline overall. Domestic demand is reported to be steady. Concerns about coronavirus and its possible effects on export demand remain, but supplies are thought to be on the tight side. The SPP continues to track well above both the same week last year and the five-year average.

Estimated slaughter fell by 2% (3,700 head) compared with last week to 172,900 head. Average carcase weights were also relatively unchanged, up just 100g to 85.83kg.

In the week ending 22 February, the EU-spec APP fell by 0.16p on the week to average 164.76p/kg. The price gap with the SPP narrowed a touch to 2.03p.

In the week ending 29 February, the 7kg weaner price rose by 67p on the week to average £42.20/head. Unlike last week, it was possible to produce a 30kg price, at £57.99/head.

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