Conditions on farm are deteriorating and pig weights are just getting bigger, with no sign of the backlog easing, according to Thames Valley Cambac.
In its latest weekly market update, TVC said: “After another chaotic week with factory breakdowns and rolled pigs, this week’s trading was dominated by discussions over number allocations.
“Most processors planned kills around available staff, but the space offered was not sufficient. Some added Saturday kills to try and alleviate the situation, but overall, the backlog grew. Conditions on farm are deteriorating and pig weights just get bigger.”
Prices appreciated in some instances helped by the bounce back in the SPP, and contract contributions stood on. But the fresh meat market continued to struggle with competition from cheap imports displacing domestic supply.
The cull sow market required limited volumes, constrained by kill space and poor continental demand. European markets stood on and prices in sterling were a touch weaker as the Euro ended the week down 0.04p at 85.50p.
The weaner market remains extremely subdued and badly disrupted as the backlog in the slaughter market
affects unit restocks, TVC added. There is little or no spot market and there were no prices issued by the AHDB.
European Prices (p/kg.dwt) w/c 14/11/21 Â Movement on last week
GB SPPÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 146.47 Â Â Â Â Â Â Â Â Â Â Â + 1.80
Tribune Spot Bacon               144.76            – 0.53
European Av. Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 106.45 Â Â Â Â Â Â Â Â Â Â Â – 0.05
Belgium                                  83.28              – 0.04
Denmark                                96.54              – 0.04
France                                    126.12            – 0.14
Germany                                102.61            – 0.04
Ireland                                    124.84            – 0.06
Holland                                   98.67              – 0.05
Spain                                      113.29            – 0.06
Ref Weekly Tribune