In the week ended 18 May the UK-spec SPP rose 1.47p to average 141.85p/kg during the week. UK prices are now beginning to respond to the high price levels in much of mainland Europe, suggesting the influence of Brexit stockpiles is beginning to wane. Despite this increase, the price is still just under 3.5p below last year’s price.
Estimated throughput for the week totalled 160,200 head, down 3,200 head compared to last week and 6,000 head lower than last year. This reflects ongoing reports of tightening supply. Average carcase weights also dropped again this week, to average 84.95kg. This meant weight was in line with 2018 levels for the first time this year.
Meanwhile, in the week ended 11 May, the EU-spec APP averaged 144.03p/kg. This is a rise of 1.07p compared to the previous week. The price is now around 3.4p below the 2018 price for the time of year. Due to a larger increase in the SPP for the corresponding week, the gap between the SPP and the APP narrowed further, to 3.65p