GB pig prices for w/e September 2nd 2023 – SPP drops back again
Weekly pig prices and slaughter data for Great Britain.
The EU-spec SPP fell by 0.58p to 224.76p/kg during the week ended September 2, its biggest backward step since the first week of the year.
This latest drop, following the previous week’s 0.32p reduction, means the SPP currently stands 25p ahead of a year ago.
Following the previous week’s gain of 1.09p, the APP, which includes premium pigs, lost 0.69p to stand at 224.73p/kg during the week ended August 26. With the SPP dropping back by a smaller amount that week, the gap between the SPP and APP grew again to 0.6p, with the SPP still ahead in a reversal of the usual relationship.
The gap between UK and mainland Europe prices continues to grow as EU prices fall. The EU reference price fell by a further 4p during the week ended August 26 to 199.04p/kg, led by further falls of 4-5p in Germany, the Netherlands and France and 7p in Poland..
During the week ended July 23, the EU reference price stood at 215.5p/kg, less than 6p behind the UK reference price. Just over a month later, following a 16p drop, the gap to the UK price had extended to a far more typical 24p.
Domestic supplies remain tight, although the estimated GB slaughterings for the week ended September 2 was up by 8,000 head to 157,740, albeit still 8,000 below 2022 levels for the week, and 19,000 below the 2021 figure. The estimated slaughter figures can be subject to significant revision.
Pig World | AHDB
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