SPP continues steady growth, whilst APP is more stable

By Charlie Reeve

In the week ending 10 April, the EU-spec SPP gained on the previous week by 0.77p, to average 142.51p/kg. This puts the measure 21.12p below where it was at the same point last year and 0.60p below the five-year average. These positive price movements fit with reports of supply tightening in the industry and demand remaining strong.

Estimated throughput for the week remained high at 194,000 head, though this was down 2% week-on-week.

Carcase weights averaged 87.91kg, 370g lighter than the previous week, however still 2.93kg heavier than this time last year. This is the first time carcase weights have dropped below the 88kg mark this year.

In the week ending 3 April, the EU-spec APP averaged 145.62p/kg, up only marginally by 0.13p on the week. This narrowed the gap between the SPP and the APP to 3.88p, which is the smallest difference since February.

Unfortunately, we were unable to publish a price for 7kg or 30kg weaners this week.

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