Pig prices continued to increase in week ended 29 May, with the EU-spec SPP up 1.05p to 152.79p/kg, AHDB’s Bethan Wilkins reported.
This is the eleventh consecutive week of price increases, albeit this is the smallest weekly growth since April. Prices are now over 14p higher than the low point in mid-February, but still nearly 12p behind this time last year.
Ms Wilkins commented: “Industry market commentary also continues to describe supplies as tight. Estimated slaughter during the week was similar to the week before, at 180,000 head. However, this is still 12% higher than a year earlier. Carcase weights continue to decline, with the average for the latest week at 86.55kg, the lowest level of the year so far.”
The EU-spec APP also recorded an increase in the week ended 22 May, rising by 1.33p to 155.22p/kg. This is the highest price since early December and widened the gap between the APP and SPP to 3.48p.