Pig prices continue to rise
15th Sep 2016 / By Alistair Driver
UK Pig prices continue to rise, with the EU-spec SPP standing at just short of £1.40/kg – a 21-month high.
The EU-spec SPP rose by 1.65p to 139.89p/kg in the week ended September 10, the highest level recorded since January 2015 and almost 9p higher than at the same point last year.
UK prices have been lifted in recent months by higher EU prices. While the EU price has levelled of late, recent rises in the German price may push it upwards again, delivering a further boost to UK prices, according to AHDB Pork.
Estimated UK slaughterings were up 3 per cent last week on the previous week to 185,000 head, 7 per cent higher than a year ago.
However, the average carcase weight was marginally down on the previous week by 0.23kg to 82.29kg.
In week ended 03 September, the EU-spec APP also increased, by 0.59p, to 140.37p/kg. In a further sign of the more comfortable marketplace UK farmers are now operating in after some desperately low returns earlier this year, this was the first time it had topped 140p/kg since February 2015.
Both categories of weaners continued to strengthen in price in week ended September 10, with 30kg weaners up 93p to £47.08/head, after a downturn the previous week. Again this was back to January 2015 levels.
The smaller 7kg weaners posted a 17p increase, to £34.57/head, the tenth consecutive weekly rise and more than £2 up on a year earlier.
Physical performance data
AHDB Pork has also published the latest UK pig herd physical performance data, provided by Agrosoft.
It showed GB breeding herd productivity continued to improve throughout the second quarter of 2016.
The average number of piglets born alive per litter increased by 0.2, to 12.5, contributing to a slight increase in the average number of pigs weaned per sow to 24.86 during the second quarter.
However, GB herd still stands behind the EU average, according to the most recent InterPIG figures, albeit dating from 2014. These showed, for example, Denmark posting a figure of 30.46 pigs weaned per sow.
This increase in breesding performance, coupled with growth in the female breeding herd, may lead to increased supplies becoming available, AHDB Pork said.
However, is likely to be partially countered by a slight dip in the performance of the rearing and finishing herd.
To read a more detailed analysis of these findings, click here.