The EU-spec standard pig price (SPP) has bounced back and gained 0.34p during the week ended June 1, the National Pig Association (NPA) has said.
The SPP now stands at 211.39p/kg, with the trade association for UK pig farmers saying that it wipes out the previous week’s loss.
The SPP remains within the narrow band of less than 1p (210.67-211.61p/kg) where it has been marooned since late-January. It is now 10p below a year ago.
The all pig price (APP), which includes premium pigs, gained 1.9p during the week ended May 25 to stand at 213.71p/kg, building on gains of 0.48p over the previous fortnight.
This put it.2.66p ahead of the SPP for the week.
European pig prices have also been “extremely stable” over the past month or so, the NPA said.
The European reference price for week ended May 26 was slightly down on the previous week at 188.37p/kg, with the gap to the equivalent UK reference price now just under 21p.
Slaughterings and feed wheat
The Agriculture and Horticulture Development Board’s (AHDB’s) estimated GB slaughterings gained nearly 11,000 on the previous week’s “exceptionally low” figure to reach 150,984 during the week ended June 1.
This is 1,000 ahead of 2023, when throughputs were starting to come down, and 6,000 below the 2022 figure.
Average carcase weights dropped back slightly to 90.58kg in the SPP sample during the week ended June 2, 1.4kg up on the same week in 2023.
London feed wheat was quoted by AHDB on Wednesday at just under £193/t for July, £10 down on last week, and £214/t for November 2024, around £9 down on last week.
