GB pig prices: big increase for SPP
Weekly pig prices and slaughter data for Great Britain.
The EU-spec SPP increased by 0.56p to stand at 211.42p/kg during the week ended May 18, the biggest movement either way since the first week of this year.
This follows weeks of small fluctuations over the past three-and-a-half months that has seen the SPP remain in a narrow band of less than 1p (210.67-211.61p/kg). It remains 1.4p below where it started the year and remains just over 9p below where it was a year ago.
The much more volatile APP, which includes premium pigs, gained 0.48p during the week ended May 11 to stand at 211.61p/kg, after losing nearly 2p over the past three weeks. This left it 0.75p ahead of the SPP for the week.
The EU reference gained 1p to stand at 188.15p/kg during the week ended May 12, its highest figure for a number of months, after minimal movement in recent weeks. With the equivalent UK price rising but by less, the gap to the equivalent UK reference price narrowed slightly to 21.5p, a fairly typical difference.
Read full article Share on twitter