SPP bounces back

By Felicity Rusk

In the week ending 18 July, the EU-spec SPP recorded an increase of 0.25p on the week to average 165.61p/kg. This increase more than negates the decline recorded in the previous week and keeps prices 13.1p above the week last year.

Estimated slaughter recorded a 2% (3,300 head) increase on the week, to total 157,200 head. Industry reports suggest there were several challenges with factory lines, which may mean pigs have been rolled into the subsequent week. Throughputs were 8% (-14,500 head) below the same week in the previous year.

Carcase weights were marginally heavier (30g) on the week, averaging 85.03kg. This is nearly 1.5kg above last year.

In the week ending 11 July, the EU-spec APP increased by 0.56p to average 168.70p/kg. With the SPP moving in the opposite direction in the same week, the gap between the two measures widened to 3.34p. This is the largest gap between the two measures since May last year.

Unfortunately, we are unable to produce a 7kg and 30kg weaner price this week, as the samples were not statistically robust.

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