GB pig prices for week ending April 15, 2023
Weekly pig prices and slaughter data for Great Britain.
The SPP has risen to another new high, although by a smaller margin than in recent weeks. The EU-spec SPP increased by a further 0.6p to reach 217.35p/kg during the week ended April 15, as tight supplies and strong EU prices continue to drive the pig price up.
The latest increase follows the previous week’s 1.26p rise and means the index has now risen for 14 consecutive weeks since the start of the year, gaining more than 17p in the process. The SPP currently stands at 56p ahead of a year ago, a time when pig prices were climbing rapidly.
After the previous week’s rise of just 0.49p, the APP, which includes premium pigs, was up by a more substantial 1.64p to reach 218.76p during the week ending April 8. The gap between the two price averages increased slightly to a still relatively small 2p during the week.
Prices in Europe remain high, although they have levelled off of late. After the previous week’s increase of nearly 3p, the EU reference price was down by 0.24p to 207.46p/kg during the week ended April 9. Prices were fairly static across the board.
The gap between the EU and UK reference prices has therefore narrowed further to below 7p, still well below typical levels. In late-January, the gap was nearly 30p.
Pig World
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