GB deadweight pig prices (UK 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 UK specification.
In the week ending 9 January, the UK-spec SPP recorded a significant drop on the previous week. The price averaged 142.27p/kg, just shy of 2p below the previous week. This is the largest week-on-week decline recorded since January 2016. As such, this puts prices 17.28p below the same week in the previous year, although the price does remain slightly above the 5-year average.
Estimated slaughter continued to pick up following the shorter kill weeks over the holiday period. Throughputs totalled 173,400 head, 38,600 head more than in the previous week. However, the slaughter pace remains around 5% lower than in the same week in the previous year.
Carcase weights continued to rise, reflecting the ongoing issues with a backlog of pigs. SPP sample weights averaged at 91.90kg, 560g more than in the previous week.
In the week ending 2 January, the UK-spec APP dropped back slightly, falling by 0.10p on the week. The price averaged at 148.55p/kg, over 12.4p below the same week in the previous year. The SPP recorded a considerably larger decline in the same week, and so the difference between the two measures widened to 4.33p.
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