SPP rises for the sixth consecutive week

The EU Spec SPP has risen to 150.55p for the week ending 2 April, up 3.56p on the previous week. This price is now above the 5-year average for this time of year by 2p and is the third week to see significant week on week change as processors have increased their weekly price contributions. However, producers’ input costs are also rising, and more quickly.

Estimated slaughter also rose this week, up 6,000 head to 198,000 head. The average carcase weight remained unchanged at 93.75kg. This is over 2kg down from the end of January where we saw our heaviest pigs reported, indicating that we are gradually processing the backlog of pigs, although average weights are currently over 5kg heavier than this time last year.

The EU spec APP for the week ending 26 March was 153.79p, up over 7p from the week before, widening the gap between the two price series to 6.8p.

The 7kg weaner prices for the week ending 2 April were £34.07/head, an increase of £1.22 from the last recorded price in early March.

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