Weekly pig costs and slaughter knowledge for Nice Britain. 

The EU-spec SPP misplaced an additional 0.51p in the course of the week ended January 6 to face at 212.28p/kg

The value index has now misplaced an additional 1.6p for the reason that begin of the yr and is now greater than 13p under the early-August excessive of 225.64p/kg. It’s now solely simply over 10p forward of the second week of 2023.

The extra unstable APP, which incorporates premium pigs, misplaced an additional 2.22p in the course of the week ended January 6, that means it has misplaced almost in simply two weeks since Christmas. Having closed the hole, and even moved forward at one level in December, the APP was trailing 2.4p behind the SPP within the first week of this yr, suggesting the premium for outside pigs is but to return.

Falling EU costs have been driving UK costs downwards for the reason that summer time, together with weakening home demand for pork.

After some encouragement in the course of the closing two weeks of 2023, the EU reference value was down once more within the first week of 2024, falling 1.8p to 181.32 in the course of the week ended January 7. This leaves it 34p under the mid-July excessive of 215p/kg.

The hole to the UK reference value has grown once more to only wanting 30p, considerably wider than the single-figure hole seen for a lot of final yr, with imports remaining very aggressive.

Estimated GB slaughterings for the week ended January 13, at 163,015 had been just one,600 down on the 2023 determine and almost 30,000 up on the primary week of the yr. These estimated figures are continuously topic to revision.

Carcase weights moved up fractionally to 90.3kg in the course of the week ended January 13, after averaging within the high-80’s throughout December, almost a kilo up on the identical in 2023.

London feed wheat was quoted by AHDB on Wednesday at round £175/tonne for January, £5 down on final week, £180 for March and £26 larger for November 2024.

To see the weekly value graphs, click on right here.