GB pig prices for week ending October 7, 2023 – SPP stabilises after biggest loss of the year
Weekly pig prices and slaughter data for Great Britain.
The EU-spec SPP stabilised, gaining 0.01p to stand at 221.73p/kg during the week ended October 7, after recording its biggest drop of the year, 1.75p, the previous week.
The tiny increase ended a run of six consecutive weekly reductions, during which the SPP has lost 4.6p. It currently stands just over 21p ahead of a year ago.
Following the previous week’s gain of 0.25p, the APP, which includes premium pigs, lost 1.5p to stand at 221.68p/kg during the week ended September 30. While this was the APP’s biggest reduction of the year, the SPP fell by more, meaning the gap between the two price indexes narrowed to just 0.04p.
The changing relationship between EU and UK pig prices continues to be highlighted by the EU reference price, which dropped back by more than a penny during the week ended October 1 to stand at 195.77p/kg, led by a 3p fall in France, with drops of 1-2p in Germany, Denmark, Spain and the Netherlands.
The EU reference price is now nearly 20p down on where it was in mid-July and the latest drop has seen the gap between the UK and EU reference increase to 24p, compared with low of just 6p during the week ended July 23. Prices in a number of EU countries, including Germany, fell back further last week.
Alistair Driver | Pig World
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