A ‘positive glimmer of light, at the end of a long tunnel’ has appeared, following what can only be described as a very dry trading climate of late, according to Thames Valley Cambac.
European prices have seen a lift, with Germany up 8 euro cents, which reflected directly into a 7p rise into sow market prices. However, while ‘most welcome’, the current price, now generally passing the 50p mark, still does not represent a decent return for sows, TVC said in its latest market update.
“The greater message, however, is of upward movement across the euro trade, which if this momentum holds over the next two weeks will coincide with the holiday season closing, schools returning and the lead into Q4 when Christmas features in buyers’ thoughts once more,” TVC added.
“The bacon and fresh trade prices have again moved very little for this week other than the fractional lifts from routine pricing elements, usual seasonal narratives from buyers, continue for now, although the weather certainly won’t be helping with volume purchased by consumers, and the BBQ trade has been temporarily dampened.”
Prices in sterling were enhanced by a stronger Euro that ended the week up 0.45p at 84.72p.
The weaner and store market continues to see little change, as farmers who have space continue to weigh up the direction of travel the trade will take post-harvest. That said a few more enquiries have been received for B&B and purchase of weaners and stores.
UK and European Prices (p/kg) w/c 14/08/22 Movement on last week
SPP 196.46 + 0.61
Tribune Spot Bacon 201.41 + 0.50
European Av. 165.45 + 4.92
Belgium 150.71 + 8.47
Denmark 134.36 + 4.17
France 200.44 + 6.88
Germany 163.50 + 7.60
Ireland 172.82 + 0.91
Holland 149.10 + 4.24
Spain 187.05 + 2.08
(Ref Weekly Tribune)