During the week ended 15 September pig prices continued on their downward trajectory of late. The UK spec SPP fell by 0.27p, to 145.12p/kg. The price is currently 14.30p below last year’s price.
Estimated slaughterings were down around 4,500 head on the previous week to total 172,000 head. Industry reports suggest that supply is currently meeting demand, both of which are somewhat disappointing for the time of year.
The average carcase weight for the SPP sample for the week is 84.39kg. Average carcase weights are lower than last year. This is a consequence of poorer growth rates through the summer, with some producers still need to clear out pens in order to maintain throughputs despite the pigs perhaps not being at their target weight.
In contrast to the SPP, the UK-spec APP rose slightly on the week, up 0.21p in the week ended 8 September, to finish on 148.88p/kg. The current figure is 14.43p lower than year earlier levels. The current price rise has widened the gap to SPP, now measuring a 3.49p difference between the two prices.