GB pig prices: SPP falls again – NPA
Weekly pig prices and slaughter data for Great Britain.
The EU-spec SPP lost another 0.62p during the week ended June 15 to stand at 209.94p/kg, more than cancelling out the previous week’s gain of 0.4p.
After the shock 1.23p reduction during the first week of week of June, the latest notable fall means the SPP has lost nearly 1.5p over the past three weeks, following months of stabilty where the price index barely moved. It is now more than 4 below where it was at the start of the year and nearly 13p below a year ago.
The APP, which includes premium pigs, also lost more ground after making a partial recovery the previous week, losing 0.49p during the week ended June 9 to stand at 212.42p/kg, following the previous week’s gain of 1.85p. This left it 1.9p ahead of the SPP for the week.
European prices have been very steady of late, but the European reference price (grade E), lost 2.6p during the week ended June 16 to stand at 185.81p/kg, expanding the gap to the equivalent UK reference price to 23.6p.
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