Pig prices: SPP regains some lost ground – NPA
The EU-spec SPP regained some lost ground, increasing by 0.4p to stand at 210.56p/kg during the week ended June 15, following the previous week’s shock 1.23p fall.
It is now 3.3p below where it was at the start of the year and more than 12p below a year ago.
The APP, which includes premium pigs, also recovered after losing 2.65p the previous week, gaining 1.85p during the week ended June 8 to stand at 212.91p/kg. This put it 2.35p ahead of the SPP for the week.
European prices remain steady. The European reference price increased slightly during the week ended June 9 to 188.33p/kg, leaving a fairly typical 21p gap to the equivalent UK reference price.
Defra’s latest update shows UK clean pig slaughterings in May were down 10% on May 2023 at 783,000 head, with pigmeat production 8.9% lower. May’s weekly average was 7% down on April.
Throughputs remain subdued into June. AHDB’s estimated GB slaughterings were fractionally up on the previous week to 148,444 during the week ended June 15. This was 1,500 up on last year, a time when throughputs had started to plummet, but was 27,500 below the 2022 figure for the week.
Read full article Share on twitter