SPP holds at £2/kg mark during October

The average price for the EU-spec SPP in the four weeks ending 5 November was 200.28p/kg, holding a consistent price when compared to the previous four-week average. Prices continued to hold above the £2/kg threshold in the week ending 5 November at 200.39p/kg.

The EU-spec APP topped 204p/kg in the week ending 29 October, pulling back by 0.16p on the week. In the four weeks to 29 October, the APP averaged 203.95p/kg, up 0.82p/kg (0.4%) on the previous four-week period.

While the market is holding above 200p/kg, it still falls short of the latest cost of production estimates, which are now sitting at 232p/kg deadweight for October 2022.

Slaughter numbers rose in the period, with clean pig slaughter for the four weeks ending 5 November estimated at 717,980 head, an average of 179,500 per week. This was an increase of 28,330 head on the previous four weeks. In the week of 5 November, estimated slaughtering’s saw a notable drop of 3.9% on the week. Year to date, its estimated that 7.85 million pigs have been processed, a small reduction 0.4% (33,800 head) down on the same period in 2021.

Carcase weights have fluctuated across the month, seeing a softening over recent weeks, while the average across the 4-weeks to 5 November stood at 90.33kg for EU-spec SPP. This compares to an average of 90.04kg in the previous four-week period (+0.3kg) and tracking 3.78kg above the 5 year average. The EU-spec APP average carcase weight increased during the latest 4-week period, up 1.42kg to 89.84kg for the four weeks to 29 October. 

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