GB pig prices w/e May 25th: SPP falls back again
Weekly pig prices and slaughter data for Great Britain.
After two consecutive weekly increases, the EU-spec SPP dropped back again during the week ended May 25, losing 0.37p to stand at 211.05p/kg.
This partly offset the 0.65p gained over the previous fortnight and means the SPP remains within the narrow band of less than 1p (210.67-211.61p/kg) where it has been marooned since late-January. It is now nearly 10p below where it was a year ago.
European pig prices for week ended May 19 were not available from the EU Commission this week. The latest EU reference price gained 1p to stand at 188.15p/kg during the week ended May 12, its highest figure for a number of months, narrowing the gap to the equivalent UK reference price to 21.5p, a fairly typical difference.
UK clean pig slaughterings in April were up 6.8% on April 2023 at 819,000 head, Defra’s latest official UK slaughter statistics show, bucking recent trends. Pigmeat production, at 77,000 tonnes, 8.2% higher than in April 2023, further boosted by higher carcase weights.
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