Carcase weights rise as the SPP skims £2/kg

The EU-spec SPP reached 199.53p/kg for the week ending 3 September, tantalisingly close to the elusive £2/kg mark. This is a weekly increase of 1.13p, the largest increase in the SPP since the end of July. Although the increase will be welcomed by producers, it still falls short of the estimated cost of production, calculated at 223p/kg for August.

Estimated slaughter throughputs stood at 161,000 head for the week, down 4% (6,900 head) on the previous week and 3,700 head (2%) lower than the same week last year. Average carcase weights increased 350g to 88.24kg, the first time they moved over 88kg since the beginning of July.

The EU-spec APP for the week ending 27 August averaged 201.08p/kg, easing for the second week in a row. This has narrowed the gap between the APP and SPP to 2.68p, the smallest gap so far this year.

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