Prices of pigs fly high on tight supply ahead of Easter

Pig prices rose for the fourth consecutive week in the w/e 25 March on limited supplies and rising pre-Easter demand, AHDB Pork has claimed. 

At 151.70p/kg, the EU-spec SPP (Standard Pig Price) quote was 0.66p up week-on-week and almost 39p higher than the same week in 2016.

Throughputs were 5,800 head up on the week at 168,900 head. Slaughterings were 7,400 head higher than the same period a year earlier, although that week had been shorter due to the earlier 2016 Easter bank holiday.

Meanwhile, supplies remained tight, contributing to price rises. Prices also increased on the continent as Easter demand kicked in. Average carcase weights fell, albeit marginally (30g), to 83.89kg, potentially on good demand from processors. Nevertheless, compared to the same week a year earlier, the weight was 550g higher.

In w/e 18 March, the EU-spec APP (All Pig Price) gained 0.46p on the week at 154.18p/kg, almost 38p higher than the same week in 2016. The gap between APP and SPP narrowed to 3.14p/kg as the SPP gained more in w/e 18 March.

30kg and 7kg weaner prices grew in w/e 25 March by £19.88/head and £10.54/head respectively over the same period last year. 30kg prices rose by £1.57 week-on-week at £56.84/head, the highest quote since July 2014 records. 7kg weaner prices rose by £1.09 on the week to £39.36/head.

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