EU: SPP holds at £2/kg mark during October

The average price for the EU-spec SPP in the four weeks ending 5 November was 200.28p/kg, holding a consistent price when compared to the previous four-week average. Prices continued to hold above the £2/kg threshold in the week ending 5 November at 200.39p/kg. The EU-spec APP topped 204p/kg in the week ending 29 October, pulling back by 0.16p on the week. In the four weeks to 29 October, the APP averaged 203.95p/kg, up 0.82p/kg (0.4%) on the previous four-week period. While the market is holding above 200p/kg, it still falls short of the latest cost of production estimates, which are now sitting at 232p/kg deadweight for October 2022. Slaughter numbers rose in the period, with clean pig slaughter for the four weeks ending 5 November estimated at 717,980 head, an average of 179,500 per week. This was an increase of 28,330 head on the previous four weeks. In the week of 5 November, estimated slaughtering’s saw a notable drop of 3.9% on the week. Year to date, its estimated that ...