Pig prices for the week ending May 20, 2017

AHDB Pork’s weekly pig prices, slaughter data and commentary for Great Britain

The upward trend in GB pig prices continued in week ended May 20, with the EU-spec SPP rising 0.76p to reach 159.21p/kg.

This is now the 12th consecutive week of price rises, during which time with the SPP has risen by more than 10p to reach the highest level since early August 2014. With supplies remaining tight and good demand, the current quote is almost 43p higher than the level a year ago.

Estimated slaughterings remained behind year earlier levels, down 3%, during the week, at 167,900 head. However, following the trend of the previous two weeks, throughputs did rise 1% week-on-week. At 83.15kg, average carcase weights remained above year earlier levels (+840g), but continued to decline week-on-week (-110g).

The EU-spec APP also increased in week ended May 13, climbing 0.65p to reach 161.86p/kg. This meant the gap between the APP and the SPP widened slightly, to around 3.4p. Stronger increases in the APP over the past few weeks have resulted in the difference widening again, having previously narrowed to 2.92p for April.

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As for finished pigs, the GB weaner market continues to be strong as supplies remain tight. The 7kg average increased 46p for week ended 20 May, at £42.78 per head. This is now the sixth consecutive week of price increases for the series, which has reached its highest level since January 2014. At £59.78 per head, the 30kg price added 42p on the previous week – the highest figure since records began in 2006.

To see the weekly price graphs, click here

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