SPP continues to soften

By Bronwyn Magee

In the week ending 26 September, the GB EU-spec SPP fell slightly on the week by 0.18p to 159.62p/kg. Prices across the continent continue to influence producer prices domestically. Industry reports generally suggest this trend is likely to continue in coming weeks with pressure from processors.

All weight bands, except those over 105kg, dropped in price. The average carcase weight stood at 86.38kg, similar to last week but up a substantial 2.10kg when compared to the same week last year. Weekly estimated slaughter totalled 194,400 head, still noticeably higher than a year earlier but down 2% on the previous week. Market reports suggest this could be a result of some pigs being rolled and in some cases backed up on farm.

The 7kg weaner price stood at £40.92/head; although this still up £1.17 on the same week in 2019 this is the lowest weekly average this year so far. Conversely, the 30kg weaner price picked up to £62.91/head, the highest price on record. However, it should be noted the small sample size for 30kg weaners means changes in the mix of pigs in the sample each week can have large impacts on the price reported.

In the week ending 19 September, the GB EU-spec APP fell to 163.86p/kg, down by 0.49p on the week. Despite this, prices remain 7.75p up when compared to the same week in 2019. The SPP recorded a more significant fall in the same week and so the gap between the two series widened to 4.06p, the largest difference since April 2019.

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