The EU-spec standard pig price (SPP) has dropped back again, losing another 0.62p during the week ended June 15 to stand at 209.94/kg.
The National Pig Association (NPA) said this more than cancels out the previous week’s gain of 0.4p.
After the shock 1.23p reduction during the first week of week of June, the latest fall means the SPP has lost nearly 1.5p over the past three weeks, following months of stabilty.
It is now more than 4p below where it was at the start of the year and nearly 13p below a year ago.
The all pig price (APP), which includes premium pigs, also lost more ground, losing 0.49p during the week ended June 9 to stand at 212.42p/kg, following the previous week’s gain of 1.85p.
This left it 1.9p ahead of the SPP for the week.
The NPA said European prices have been steady lately, but the European reference price (grade E), lost 2.6p during the week ended June 16 to stand at 185.81p/kg.
This expands the gap to the equivalent UK reference price to 23.6p.
Slaughterings
The Agriculture and Horticulture Development Board’s (AHDB’s) estimated GB slaughterings showed a significant weekly increase of more than 8,000 to 161,520 head during the ended June 15.
This was 9,500 up on last year, but was still 23,000 below the 2022 figure for the week.
Average carcase weights fell back fractionally to 90.67kg in the SPP sample during the week ended June 23, more than 2kg up on the same week in 2023.
London feed wheat was quoted by AHDB on Wednesday at £167/t for July, £3 down on last week, and £197/t for November 2024, £2.50 down on last week.
