GB Pig Prices: SPP inches back up
Weekly pig prices and slaughter data for Great Britain.
The EU-spec SPP inched back up by 0.09p to stand at 210.86p/kg during the week ended May 11, following recent small declines that have seen it lose nearly 1p over the previous six weeks.
The SPP has barely moved over the past three months, remaining in a narrow band of less than 1p (210.67-211.61p/kg), and is now only 0.5p behind where it was in late January. It is, however, now more than 9p below where it was a year ago, when pig prices were still rising.
The much more volatile APP, which includes premium pigs, lost another 0.16p during the week ended May 4 to stand at 211.13p/kg, meaning it has lost nearly 2p over the past three weeks. This left it just 0.36p ahead of the SPP for the week.
The EU reference price lost 0.74p to stand at 187.11p/kg during the week ended May 5, cancelling out the previous week’s gains and widening the gap to the equivalent UK reference price to close to 21p, a fairly typical dfference.
Estimated GB slaughterings recorded another very low figure, at 141,337, nearly 9,000 down on the previous week, 13,000 down on the same week a year ago and 47,000 below the 2022 figure.
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