The market continued to improve last week with most processors remaining keen to secure throughputs, according to Thames Valley Cambac.
Supplies remained tight, and average weights trended lower, as prices improved again, helped by another large lift in the SPP – up 1.76p to 150.51p. Weekly contract price contributions increased as well, meaning most Q prices were 1p to 2p stronger, TVC said in its latest weekly market update.
“All pigs were placed and forward forecasts indicate very little change in supply. The fresh meat market was weather affected again, as incessant rain dampened any barbecue trade. However, prices continued their upward trend, adding 1p to 2p, with most outlets looking forward to a dryer week,” TVC said.
“The star of the day was the cull sow market increasing by 8p on the back of improved continental demand.”
European markets were stronger with Belgium and Germany adding 9 and 8 eurocents respectively, on the back of tightening supplies .However price quotes in sterling were compromised by a weaker Euro, which ended the week down 0.21p at 85.87p.
“Feed costs and straw availability continued to be front and centre of most conversations with fatteners,” TVC added.
“While improved slaughter pig prices give some cause for optimism, the market is still a long way from break even. Prices achieved were similar, but some batches remained unplaced.”
There were no weaner or store pig prices announced by AHDB.
European Prices (p/kg.dwt) w/c 23/05/21 Movement on last week
GB SPP 150.51 + 1.76
Tribune Spot Bacon 153.63 + 1.67
European Av. 141.79 + 3.40
Belgium 119.72 + 7.59
Denmark 135.11 + 4.30
France 158.79 – 0.39
Germany 132.24 + 6.56
Ireland 147.18 – 0.37
Holland 130.61 + 3.46
Spain 169.25 + 2.68
(Ref Weekly Tribune)