Better news on pig prices
14th Mar 2019 / By Alistair Driver
There is slightly better news on the pig price this week.
After a long period of decline, the EU spec SPP steadied, rising slightly, albeit by just +0.2p in the week ending March 9 to average 137.63p/kg. This is currently just over 8p below the previous year’s price. Despite this slight steadying of the price, market reports suggest that demand still remains lacklustre, albeit with a more manageable supply situation, AHDB analyast Bethan Wilkins said.
Estimated weekly slaughterings show numbers down 8,300 head on the week to 164,800 head. This is also around 5,100 head lower than the same week of last year. The SPP carcase weight was 85.15 kg, which still remains over 1kg higher than the previous year and the same as the previous week.
The EU-spec APP declined for a second consecutive week in the week ending March 2, however. The price measured 142.19p/kg. With the SPP declining at a much slower rate in the corresponding week, the gap between the two prices has now narrowed to 4.76p.