AHDB analyst Bethan Wilkins says that although the quote is almost 9p above year-earlier levels, "this is the first time the premium over the previous year has fallen below the 10p mark since September 2016."
Pig slaughterings were up 1% compared to the previous week reaching 178.85 thousand head, they were also up by 2% compared to the similar period in 2016. The AHDB analyst says that there is a possibility that the increasing supplies are adding pressure to prices at present.
"Carcase weights remained strong in the week, with the average for the SPP sample standing at 84.66kg. This is 1.6kg above year-earlier levels, though marginally (70g) lower than the average for the previous week," Bethan Wilkins says.
Regarding the EU-spec average pig price (APP), the AHDB analyst says that in the week ended 21 October it reported a fall by 0.66p to 160.36p/kg.
This was the ninth consecutive week of price declines for the series, with the most recent figure now standing around 12p higher than year-earlier levels. The gap between the APP and the SPP for the same week widened slightly to 3.29p, as the SPP recorded a slightly sharper decline.
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