GB pig prices for week ending June 24, 2023
Weekly pig prices and slaughter data for Great Britain.
The EU-spec SPP inched up by a further 0.19p to reach another new high of 222.84p/kg during the week ended June 24.
The latest rise, the smallest since early February, follows the previous week’s increase of 0.57p and means the SPP has now risen for 23 consecutive weeks since the start of the year, gaining more than 22p in the process. It currently stands at nearly 36.5p ahead of a year ago.
The gap between the SPP and APP has narrowed. After the previous week’s increase of just 0.02p, which left it 1.6p behind the SPP, the APP, which includes premium pigs, was up by a hefty 1.5p to 222.01p during the week ending June 17. This still left the APP, which is typically around 5p higher, nearly 0.64p behind the SPP.
While there are differences in how the two measures are calculated, which could partly explain the anomaly, this suggests that, on average, premium pigs, such as outdoor-bred and free range, are selling for prices below the Red Tractor average, as consumers turn away from premium products due to cost-of-living constraints.
Prices in Europe remain high. After rising by just over 1p the previous week, the EU reference price was up by a further 0.77p to to 210.23p/kg during the week ended June 18, driven by small increases in the Netherlands and Germany. The gap between the EU and UK reference prices narrowed to 9.6p, still well below typical levels last year of around 20p.
Pig World
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