In UK pig prices are once again on a downward trend
AHDB trainee analyst Abigail Schofield says that decline in prices resumed after a modest increase in the previous week. This year's figure was down by 3.93p compared to the same week from last year, when pig prices also reported declines. Mrs. Schofield says that the reason for the decline in prices is the large supplies of pigs on the market which continue to outstrip demand.
The slaughtering numbers were estimated to be lower by 5% on the week totaling 177,400 head but they are still 7.5% above the numbers reported a year earlier.
Average carcase weights remained steady compared to the previous week, dropping by a modest 60g to 84.25kg. The average carcase weights were also steady on the year, lower by a mere 40g.
The EU-spec APP in the week ended 17 February, averaged 149.02p/kg, 0.19p less than in the previous week. With the increase in SPP and a decline in APP during the week, the gap between the two price series narrowed to 2.95p.
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