The all pig price (APP) has suffered another “big dip”, while the standard pig price (SPP) continues to decline, the National Pig Association (NPA) has said.
The EU-spec SPP lost a further 0.51p during the week ended January 6 to stand at 212.28p/kg.
It has now lost 1.6p during the first two weeks of the year and is now more than 13p below the early-August high of 225.64p/kg.
The APP, which includes premium pigs, lost a further 2.22p during the week ended January 6.
This means it has lost nearly 4p in two weeks since Christmas.
“Having closed the gap, and even moved ahead at one point in December, the APP was trailing 2.4p behind the SPP in the first week of this year.
“After some encouragement during the final two weeks of 2023, the EU reference price was down again in the first week of 2024, falling 1.8p to 181.32 during the week ended January 7.
“This leaves it 34p below the mid-July high of 215p/kg. The gap to the UK reference price has grown again to just short of 30p,” the NPA said.
Slaughterings and feed wheat
Estimated GB slaughterings for the week ended January 13 were at 163,01, down 1,600 on the 2023 figure and nearly 30,000 up on the first week of the year.
Carcase weights moved up to 90.3kg during the week ended January 13, nearly a kilo up on the same in 2023.
London feed wheat was quoted by the Agriculture and Horticulture Development Board (AHDB) on Wednesday, January 17, at around £175/t for January.
