UK pig market remains sluggish

The EU-spec DAPP for the week ended June 7 edged up slightly to 164.53p/kg, according the latest BPEX figures.

Writing in the latest Pig Market Weekly, the organisation says the finished pig price has remained about the 164p mark for the fifth consecutive week, indicating a sluggish market.

The DAPP stayed below the previous year’s level, being down by 0.73p/kg on the year.

During the week, estimated slaughterings totalled 156,600 head. Although a recovery from the previous Bank Holiday week, this was almost 4% (6,200 head) down compared with the same week in 2013.

Despite tight supplies, finished pig prices remain somewhat subdued, indicating some easing in demand. Carcase weights fell further to 79.13kg, the lowest since early December last year. The week-on-week difference showed a 660g drop, although the weekly average weight remained marginally above year earlier levels.

The APP for the week ended May 31 reached 166.29p/kg, 0.30p higher than a week earlier. During the same week, the EU-spec DAPP stood at 164.50p/kg, indicating a 1.79p difference between the two price series.

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