The decline in GB pig prices continues
AHDB trainee analyst, Annie Linekar, explained that the current quote of 151.00p/kg is 0.82p lower compared to the previous quote from the corresponding period in 2016, "and is on par with values last recorded in November 2016."
Estimated slaughterings were up 1% on the previous week at 185.8 thousand head, reportedly boosted by the processing of pigs that were rolled in the week prior when plant breakdowns caused disruption. According to Annie Linekar, despite this increase, throughputs were still almost 3% behind year earlier levels in the same period. Average carcase weights decreased on the week once again, by 590g to 82.25kg. Following record high weights in recent months, the average weight is now a negligible 30g heavier than year earlier levels.
The EU-spec APP fell 0.39p in the week ended 9 December to stand at 155.00p/kg, which was a mere 0.54p above year earlier levels. Driven by the sharper decline in the SPP in the same week, the gap between the APP and the SPP widened once again, to 3.58p/kg.
"Weaner prices moved in opposing directions in the week ended 16 December. The price for 30kg weaners dropped £4.80 to £51.61, now £3.73 below year earlier levels. Conversely, 7kg weaner prices rose a marginal 12p to £40.62, now standing £1.49 higher year on year," said Annie Linekar
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