Pig prices drop back down in New Year week
10 January 2022
Weekly pig prices dropped back down to 140.55p per kg during the week ending on New Year's Day, according to the latest available figures.
The EU-spec SPP was down 2.31p compared to a week earlier, and counteracts the 1p gain that was recorded in the previous week.
The SPP reflects the price of all standard pigs bought by GB processors in the previous 7-day week and is a simple average of all the prices paid in that week alone.
Analysing the figures, the AHDB said that even in 'normal' times, a slowdown in the pig market was typical in the post-Christmas period.
The estimated weekly clean pig throughput totalled 136,000 head, slightly lower than the equivalent week a year ago.
Carcase weights reached an average of 94.12kg, up almost 2kg on the week and again the highest on record.
Bethan Wilkins, AHDB red meat senior analyst, said: "Probe measurements have been a little volatile recently and increased again to an average of 11.8mm in the week; this was also recorded a few weeks ago and remains the highest probe measurement for the SPP sample since the series began...