SPP continues to weaken

Wednesday, 16 September 2020

For the week ended 12 September, the GB EU-spec SPP fell to 160.94p/kg, down by 0.17p on the previous week, although it remains nearly 8p above 2019’s level for the same week. Weakening prices across the continent continue to influence producer prices here. This is a trend which is only likely to continue in the coming weeks with Germany’s loss of the Chinese export market. Price drops came for all but the heaviest pigs.

Weekly estimated slaughter totalled 196,600 head. Despite the lack of a Bank Holiday, this was slightly lower than the previous week’s strong throughputs. It was, however, 15,000 head higher than the same week last year. Carcase weights averaged 85.88kg, a little lighter than last week but over 1.5kg higher than the same week in 2019.

The 7kg weaner market picked up to £43.45/head for the week ended 12 September. This was up £1.87 on the price a week ago. It was also possible to publish a price for 30kg weaners, £52.69/head, 37p lower than the price two weeks ago.

The GB EU-spec APP fell to 164.81p/kg in the week ended 5 September. The SPP fell by over a penny in that week increasing the gap between the two series to 3.70p, the widest it has been all year.

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