GB pig prices continue to be stable, AHDB says
Bethan Wilkins, analyst at AHDB, says the EU-spec SPP rose by just 0.16p/kg compared to the previous week, reaching 150.47p/kg.
The level was lower by 13p/kg compared to the similar period from 2017, "with the gap widening as prices were climbing this time last year."
According to Wilkins, the supply has remained tight, but the hot weather reported this summer is impacting pig growth rates.
Estimated slaughterings during the week totalled 159,000 head, a 3% decline on both the previous week and year earlier levels.
Wilkins says that this is the lowest estimate for weekly throughputs since Easter, with the ongoing CO2 shortage perhaps now also having some impact.
Carcase weights increased very marginally from the level in the previous week, to 82.69kg, this being a somewhat low level and just 160g above year-earlier levels.
Wilkins concluded that supplies could remain tight in the coming weeks if the hot weather continues and carcase weights remain low or fall further.
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