Prices up, throughput down for GB deadweight pigs

GB deadweight pig prices have continued moving upwards in January, with all but the first week (w/e 7 Jan) recording new records for the SPP. For the four weeks ending 28 Jan, the EU spec SPP averaged 202.34p/kg, up 1.75p/kg on the December average. Although the fall in prices in the first week came as a surprise to some, prices recovered with growth in week 2 (+1.65p) balancing out the decline and a significant increase in week 4 (+2.26p), which saw the SPP at its highest ever value of 204.78p/kg. This means that the EU spec SPP (w/e 28 Jan) was sitting nearly 70p above prices from this time last year and 60p above the 5-year average. The APP has been following the same overall trend as the SPP. For the four weeks ending 21 Jan, the EU spec APP averaged 205.87p/kg, an increase of 1.19p/kg compared to the previous four week period. In the four weeks, movements were mixed with strong growth in weeks 1 and 4 outweighing the decline seen in week 2 (w/e 7 Jan). The EU spec APP also ...