GB pig prices for week ending April 1, 2023
Weekly pig prices and slaughter data for Great Britain.
The EU-spec SPP increased by a further 1.54p to reach 215.49p/kg in the week ended April 1, as tight supplies and strong EU prices continue to drive the pig price to new highs.
The latest increase follows the previous week’s 1.41p rise and means the index has now risen for 12 consecutive weeks since the start of the year, gaining more than 15p in the process. The SPP currently stands at 65p ahead of a year ago, a time when pig prices started to climb rapidly.
After the previous week’s rise of just under 1p, the APP was up by a further 1.44p to 216.63p during the week ending March 25. The APP has gained just under 12p since the start of the year and the gap between the two price averages stayed at around 2.7p.
Prices in Europe continue to move in the right direction, albeit at a slower pace than the dramatic gains seen in February. After slipping back very slightly the previous week, the EU reference price was up by 2.24p to 204.95p/kg during the week ended March 26. Prices were up in most key pig producing nations, except France, with Germany, France and Spain all above the 210p/kg mark.
The gap between the EU and UK reference prices narrowed to less than 8p, still well below typical levels. In late-January, the gap was nearly 30p.
Having dropped to recent lows of close to £190/tonne last week in late-March, feed wheat prices have risen slightly, and were quoted at just under £200/tonne for May today (April 5). Other costs, including soya and energy remain high.
Pig World
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