Weekly pig costs and slaughter knowledge for Nice Britain.
In a welcome pre-Christmas enhance, the EU-spec SPP elevated by 0.31p to face at 206.41p/kg in the course of the week ended December 14, just about regaining all the bottom it misplaced the earlier week.
This was solely the second upward motion for the worth index since early September, though it has solely misplaced 3p in that 14-week interval. The SPP stays at its lowest stage since February 2023, and is now simply over 8p beneath the identical week final 12 months, when costs had been coming down steadily.
The extra risky APP, which incorporates premium pigs, misplaced 1.7p in the course of the week ended November 7 to face at 207.98p/kg, greater than wiping out the beneficial properties revamped the previous two weeks. The hole to the SPP narrowed to 1.88p for the week.
EU costs have stabilised in current weeks after an extended interval of regular and that is mirrored within the EU reference worth (S-grade), which picked up barely for the third consecutive week to face at 164.25p/kg in the course of the week ended December 8. The hole to the equal UK reference worth has narrowed barely however stays at an traditionally huge 42.4p.
Throughputs have noticeably picked up within the pre-Christmas interval, however estimated GB slaughterings had been 7,700 head decrease than the earlier in the course of the week ended December 14, to 176,174 head. This was, nonetheless, 14,500 above the identical week final 12 months, however almost 35,000 head beneath the identical week in 2022.
AHDB’s estimated 16 slaughterings have been revised upwards by round 2,000 head for the previous few weeks.
Rising carcase weights have been additional supporting pigmeat manufacturing, however weights have been coming down as pigs are pulled ahead earlier than Christmas. The typical within the SPP pattern fell by an extra 0.86kg to 88.73kg in the course of the week ended December 14. This was simply 0.7kg above the identical week in 2023.
London feed wheat futures had been quoted by AHDB on December 11 at £181.40/t for January and £188.65/t for March, each round £3 up on final week.
To see the weekly worth graphs, click on right here.
