03 Jan 2024
AHDB Pork market update: domestic round up
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Key points:
- GB pig prices continue to fall but with a steady decline
- Production grew for November to 85,200 tonnes but remains below last year
- More pigs came forward ahead of Christmas, bringing slaughter to 910,500 head
- Imports grew for October, as EU product remains competitive due to lower prices
- Exports have fallen compared to last year, as our export capacity has been limited
Prices
GB pig prices continue to fall week-on-week, but this decline is steady. The SPP (EU spec) for the week ending 16 December sat at 214.65p/kg, down by 0.40p from the previous week. This is 14.5p above the price at the beginning of the year but represents a 11p drop from the highs in August. The APP (EU spec) is also falling steadily, sitting at 215.5p/kg for the week ending 9 December. However, this is 1.51p growth from the previous week but follows the overall trend of declining prices since the end of September.
The UK tracks closely with the EU prices which have seen similar declines, but with steeper falls. The EU reference price for the week ending 17 December sat at 181.86p/kg, with a drop of 0.63p from the previous week.