Supplies of pigs remain ample as demand continues to stagnate and carcase weights increase, according to Thames Valley Cambac (TVC).
“There was little to no improvement in demand, and a change in work practice at one processor led to a temporary reduction in numbers,” TVC said in its latest market update.
“Supplies were ample for the trade and average weights continue to climb as a result of excellent growing conditions. Prices were stubbornly similar with the SPP easing 0.46p due to bigger, fatter pigs in the sample. Fresh meat trade was quieter, with hints of competitive imports hitting the market again.”
Cull sows eased back 3p on the back of poorer continental trade, while poor demand was the precursor for large falls in some European markets, with Germany and Belgium down 10 eurocents and France down 7. These falls were tempered in sterling terms, however , by a stronger Euro that ended the week up 0.91p at 87.73p.
Weaner demand remained paltry, with little to no interest from fatteners. The stagnant state of the finished market gives little economic sense for fatteners to participate. There was insufficient data for the AHDB to formulate any quotes.
UK and European Prices (p/kg) w/c 23/10/22 Movement on last week
European Av. 172.30 – 1.95
Belgium 149.23 – 7.49
Denmark 146.24 + 1.51
France 207.92 – 3.93
Germany 166.68 – 6.97
Ireland 184.23 + 1.90
Holland 158.17 + 1.63
Spain 193.70 – 0.26
(Ref Weekly Tribune)