The National Pig Association (NPA) has reported the biggest drop in Standard Pig Price (SPP) of the year.
During the week ending 30th September, EU-spec SPP fell by 1.75p to 221.72p/kg, the biggest drop of 2023. Currently, the price index is just over 21p more than a year ago. This comes as the SPP has fallen 2.2p over a period of five weeks
According to the NPA, Average Pig Price (APP) increased 0.25p to end on 223.18p/kg for the week ended 23rd September. APP finished the week 0.3p behind SPP.
Average carcase eights were 0.8kg behind a year ago, increasing to 89.59kg during the week ended 30th September.
During the same week, estimated GB slaughterings were down 8,000 on the week, down 13,000 year-on-year (YoY).
In the week ended 24th September, the EU reference price stood at 197.04p/kg after gaining 0.6p. When compared to the UK, which stood at 220p/kg, the difference was 23p.
EU prices have continued to fall over several months, which NPA said will be a factor in the SPP's big drop.
This story was originally published on a previous version of the Meat Management website and so there may be some missing images and formatting issues.
