Latest figures show eleventh week of rising pig prices
3rd June 2021
AHDB have confirmed that prices for finished pigs continued to rise in week ending 29th of May. The eleventh week in a row to see a price rise, but industry margins remain tight.
AHDB have published their latest report on the price of UK pigs, showing the eleventh week of continued, gradual, incline. Their latest prices show the EU-spec SPP up 1.05p to 152.79p/kg. Making a 14p increase since the lowest price point in mid-February.
The EU-spec APP also recorded an increase in the week ended 22 May, rising by 1.33p to 155.22p/kg. This is the highest price since early December and widened the gap between the APP and SPP to 3.48p.
Though the continued price rises will be welcomed by pig farmers this is still a decrease from prices last year. With a 12p difference between prices and at the same time in 2020. Estimated slaughter during the last week of May was at 180,000 head, 12% higher than a year earlier.
At the same time as the price rises, carcase weights have been declining, with the latest average at 86.55kg
Coupled with ever increasing input costs this means that unfortunately, despite the price rises, margins continue to be tight for UK pig farmers.