GB deadweight pig prices (EU spec)
The APP (All Pig Price) is the GB average deadweight pig price achieved by producers each week. The SPP (Standard Pig Price) is the average price for GB standard pigs, those that have not received a premium for the production system, feed regime or breed. The prices are collected from voluntary surveys. These prices are for carcases dressed to EU specification.
The GB SPP lifted marginally in the most recent week. In the week ending 27 February, the GB EU-spec SPP lifted 0.33p to average 138.79p/kg. Prices continue to trend below those seen last year, down 23.88p when compared to the same week in 2020, and 2.78p below the 5-year average.
Estimated slaughter dropped back significantly on the week, down 12,000 head (7%) to total 176,100 head. This put weekly slaughter below the 5-year average by 5,000 head, although up marginally on the year (200 head). There were fewer pigs in every weight band, particularly the heaviest. Not only did fewer heavy pigs come forward, but also pigs in that weight band actually increased in price by 1.34p/kg, supporting the higher SPP overall.
Carcase weights averaged 90.28kg, virtually unchanged on the week, but still significantly up on the year, 4.45kg heavier when compared the same week in 2020, and 5.63kg above the 5-year average.
The GB EU-spec APP stood at 142.20p/kg for the week ending 20 February, down 0.91p from the previous week. This measure is now down 22.56p compared to the same last year, and 2.93p below the 5-year average.
In February 2020 the weight bands we publish were amended. This report below provides some historical figures for comparison purposes. Data by weight band is published on a weekly basis in our SPP full report. Please note there are minimum thresholds for publication to ensure our prices are as robust as possible and comply with competition law guidance. There is a requirement for there to be at least five companies contributing to each price point in the SPP and APP with no company accounting for more than 50% or 60% respectively. On occasions therefore a full breakdown of weekly prices and throughputs by weight band and prices by lean meat % may not be available.
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