Written by Eva Osborne-Sherlock from Agriland
The National Pig Association (NPA) has said the standard pig price has regained some lost ground, increasing by 0.4p to stand at 210.56p/kg after last week’s 1.23p fall.
This means the EU-spec standard pig price (SPP) is now 3.3p below where it was at the start of the year and more than 12p below a year ago, the NPA said.
The all pig price (APP), which includes premium pigs, also recovered after losing 2.65p the previous week, gaining 1.85p during the week ended June 8 to stand at 212.91p/kg.
This put it 2.35p ahead of the SPP for the week.
The NPA said European prices remain steady, with the European reference price increasing slightly during the week ended June 9 to 188.33p/kg, leaving a “fairly typical” 21p gap to the equivalent UK reference price.
The Department of Environment, Food and Rural Affairs’ (Defra’s) latest update shows UK clean pig slaughterings in May were down 10% on May 2023 at 783,000 head, with pigmeat production 8.9% lower.
May’s weekly average was 7% down on April.
Throughputs remain subdued into June, the NPA said, with the Agriculture and Horticulture Development Board’s (AHDB’s) estimated GB slaughterings fractionally up on the previous week.
They rose to 148,444 during the week ended June 15. This was 1,500 up on last year, a time when throughputs had started to plummet, but was 27,500 below the 2022 figure for the week.
Average carcase weights moved up slightly to 90.72kg in the SPP sample during the week ended June 16, more than 2kg up on the same week in 2023.
London feed wheat was quoted by AHDB on Wednesday at £170/t for July, £14 down on last week, and £199.5/t for November 2024, £5.50 down on last week.
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This means the EU-spec standard pig price (SPP) is now 3.3p below where it was at the start of the year and more than 12p below a year ago, the NPA said.
The all pig price (APP), which includes premium pigs, also recovered after losing 2.65p the previous week, gaining 1.85p during the week ended June 8 to stand at 212.91p/kg.
This put it 2.35p ahead of the SPP for the week.
The NPA said European prices remain steady, with the European reference price increasing slightly during the week ended June 9 to 188.33p/kg, leaving a “fairly typical” 21p gap to the equivalent UK reference price.
Slaughterings
The Department of Environment, Food and Rural Affairs’ (Defra’s) latest update shows UK clean pig slaughterings in May were down 10% on May 2023 at 783,000 head, with pigmeat production 8.9% lower.
May’s weekly average was 7% down on April.
Throughputs remain subdued into June, the NPA said, with the Agriculture and Horticulture Development Board’s (AHDB’s) estimated GB slaughterings fractionally up on the previous week.
They rose to 148,444 during the week ended June 15. This was 1,500 up on last year, a time when throughputs had started to plummet, but was 27,500 below the 2022 figure for the week.
Average carcase weights moved up slightly to 90.72kg in the SPP sample during the week ended June 16, more than 2kg up on the same week in 2023.
London feed wheat was quoted by AHDB on Wednesday at £170/t for July, £14 down on last week, and £199.5/t for November 2024, £5.50 down on last week.
The post Standard pig price has regained some lost ground – NPA appeared first on Agriland.co.uk.
Continue reading on the Agriland Website...
