The UK-spec SPP rose to 136.24p/kg for the week ending 12 March, an increase of 0.41p/kg from the week before.
Although reports suggest some processors have substantially increased their weekly contributions, as these sometimes only form part of the contract price, it will take a little time to materially move the SPP. However, this does provide the industry with some springtime optimism.
Estimated slaughter was also up for the week at 199,500 head, the highest figure of 2022 so far. Carcase weights remained steady this week at 95.88kg/head.
Weaner prices averaged £32.85/head this week which is the first recorded price we have this month.
The UK-Spec APP rose 0.61p/kg to 141.91p/kg for the week ending 5 March, widening the gap between the APP and SPP to 6.08p.
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