The EU-spec SPP climbed a modest 0.15p to stand at 146.07p/kg in the week ended 17 February, according to the Agriculture & Horticulture Development Board (AHDB).
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AHDB analyst Bethan Wilkins says that this was the largest week-on-week price rise since July, when prices were almost 19p higher. The latest figure remains 3.74p behind year earlier levels, as prices increased by the same amount in the equivalent week last year.
Even though prices rose somewhat, supplies continued to be ample. Estimated slaughterings stood at 185,800 head, which was a substantial 13% higher than year earlier levels and 5% higher than the previous week.
Compared to the previous week, average carcase weights were 210g lower at 84.31kg, which would have partially counteracted the increased throughputs. However, compared to year earlier levels, weights were still 240g higher.
