Pig prices close in on record high in week ending July 15, 2017

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

The EU-spec SPP climbed for the 20th consecutive week to reach 164.20p/kg during the week ending July 15. This is the second highest price recorded since the series began in April 2014, fractionally behind the week ending May 31 2014 when the price reached 164.22p/kg.

The current quote gained a further 0.34p on the previous week and is over 36p higher a year ago.

Estimated slaughterings recorded a small gain on the week of 1% in the week ending July 15, but remain well below (-7%) year earlier levels at 158,600 head. The average carcase weight remained relatively unchanged on the week at 82.56kg, while the average probe measurement increased by 0.3mm to 11.3mm. The current weight is 660g heavier than a year ago, but the average probe measurement is 0.2mm smaller.

The EU-spec APP also continued to rise in the week ending July 8, reaching the highest level since the price series began in April 2014. At 167.23p/kg, the current quote is 1.22p up on the week and nearly 38p more than the same week in 2016. The gap between the APP and the SPP closed slightly to stand at 3.37p/kg.

In contrast to the finished pig market, market reports indicate that UK sow prices are now in decline given the fall in the German market where prices have declined by 10% so far in July.

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In the week ending July 15, weaner prices recorded diverging trends. At £61.34/head, 30kg weaner prices increased by 22p on the week and remain well above (£18.59/head) year earlier levels. On the other hand, 7kg weaner prices lost 49p over the week, but remain over £12/head up on the same week in 2016 at £43.49/head.

To see the weekly price graphs, click here

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