SPP decline slower in the week ending 13 November

The EU-spec SPP fell for the week ended 13 November to 144.16p/kg, 2.31p lower than a week earlier. Supplies of slaughter-ready pigs continue to exceed available processing capacity, and it remains difficult to identify signs that progress has been made reducing the backlog of pigs on farm. 

In recent weeks, we’ve seen lower prices paid for some batches of pigs destined for markets requiring minimal butchery. Up to this point, alternating weeks seem to have been more strongly affected, with the SPP recording sharper price declines. However, the latest week seems to have deviated from this pattern. The SPP decline this week is smaller, indicating fewer of these pigs coming through. Again, continued low prices in the EU are also playing an important role in driving price declines here, so prices would be expected to fall in any case.

Estimated slaughter for the week was 185,200 head, 6,400 more than the previous week, and 2,200 head more than the same week a year earlier.

The average carcase weight was up by a further 320g from the previous week to 92.08kg.

For the week ending 6 November, the EU-spec APP rose by 1.35p to stand at 151.02p/kg. The gap between the two price series narrowed to 4.55p.

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