The EU-spec SPP remained steady in the week ended 24 March, following a decline in the previous week. At 145.37p/kg, the price averaged a very modest 0.03p higher than the previous week. This time last year prices were rising and the latest price now stands 6p behind 2017 levels.
Estimated slaughterings for the most recent week totalled 186,300 head. Although this is a slight decline of 3% on the week, it was 9% ahead of year earlier levels and is contributing to the depressed price compared to last year.
Carcase weights recorded a 900g dip on the week, averaging at 83.56kg. This is around 300g below the equivalent week last year and will have offset some of the increase in supply.
For the week ended 17 March, the EU-spec APP dropped 0.54p to 148.33p/kg. With the APP decreasing more significantly than the SPP the gap between the two price series has narrowed slightly on the week to 2.99p.
For the week ended 24 March, 30kg weaners were down 98p to £50.07/head. In the equivalent week last year prices rose and compared to year earlier levels, prices are £6.77/head lower. In contrast, the 7kg weaner price rose 78p on the previous week to £38.01/head.
Despite this slight increase it stands at £1.35/head lower than year earlier levels.