UK

GB pig prices again on a downward trend

Pork

In the week ended 17 March, the EU-spec SPP reported another decline, after two weeks of stagnation, at 145.34p/kg, the price averaging 0.37p lower than the week before, according to the Agriculture and Horticulture Development Board's (AHDB) analysis.

Posted on Mar 22 ,11:01

The downard trend of prices as the supplies are higher compared to the levels reported last year.
AHDB analyst Bethan Wilkins says that estimated slaughterings in the UK for last week reached 191,100 head, which was a figure marginally higher than the revised figures for the previous week and by 16% above the levels encountered last year.
Furthermore, Wilkins says there was also a recovery in the carcase weights category after the decline from the previous week, being situated at 84.46kg. "This is over half a kilo heavier than both the previous week’s average, and the equivalent week last year. These higher weights will have compounded the increasing supply situation," added Wilkins.
Still, the AHDB analyst states that according to sources from the industry, on the fresh market demand has improved and it is expected that this might offer a boost to prices, but it is unclear how much. "How throughputs develop both here and on the continent will be key."

At 148.87p/kg, the EU-spec APP in the previous week ended 10 March was up 0.29p on the week. "This was the largest weekly increase in either price series since July. With the SPP recording a more modest increase in the same week, the gap between the two prices widened to 3.16p," says Wilkins.

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