The EU-spec standard pig price (SPP) has gained 0.47p, with the National Pig Association (NPA) saying the gain is “partly cancelling out” the previous week’s loss of 0.62p.
The SPP now stands at 210.41p/kg during the week ended June 29.
This means the SPP has lost just under 1p during June, following months of stability where the price index barely moved.
It is now 3.7p below the start of the year and nearly 14p below a year ago.
The all pig price (APP), which includes premium pigs, has experienced a series of ups and downs over a longer period, but it stabilised during the week ended June 22.
It gained 0.1p to stand at 212.52p/kg, after losing 0.49p the previous week. This put it 2.6p ahead of the SPP for the week.
The European reference price (grade E) moved up by 0.4 during the week ended June 23 to stand at 186.45p/kg, after losing 2.6p the previous week.
The gap to the equivalent UK reference price narrowed to just under 23p.
Slaughterings
After a big increase the previous week, the Agriculture and Horticulture Development Board’s (AHDB’s) estimated GB slaughterings were down by just over 10,000 on the week to 151,238 head during the ended June 29.
This was 2,000 below 2023, and 29,000 below the 2022 figure for the week.
Average carcase weights fell back fractionally to 90.57kg in the SPP sample during the week ended June 30, more than 2kg up on the same week in 2023.
London feed wheat was quoted by AHDB on Wednesday at £170/t for July, £3 up on last week, and £197/t for November 2024, the same as last week.
