Factory issues and the ‘echo of the Easter’ break took some of the shine off market momentum last week, according to Thames Valley Cambac.
Prices were helped by another large rise in the SPP – up 4.01p at 161.74p, but contract contributions stood on. “Supplies remained ample although average weights now seem to be easing,” TVC said in its latest market update. “The fresh meat sector was a touch more buoyant, encouraged by decent demand in the wake of a warm Easter, which has rekindled barbecue trade.”
Conditions improved in the cull sow market with volumes back to near normal but prices were stand on. In Europe, both Spain and France breached the 2 Euro mark, and there were additional good increases in Ireland and Denmark. Price quotes in sterling appreciated as a stronger Euro ended the week up 1.01p at 83.92p.
The weaner marketing continues to improve, although it is not back to fully functioning, as the spectre of high feed costs remains and continues to discourage many fatteners back to the market, TVC added. There was insufficient data for the AHDB to formulate any prices.
European Prices (p/kg.dwt) w/c 24/04/22 Movement on last week
SPP 161.74 + 4.01
Tribune Spot Bacon 176.93 + 1.61
European Av. 149.47 + 2.31
Belgium 142.76 – 2.58
Denmark 120.68 + 3.70
France 170.12 + 2.40
Germany 163.65 + 1.95
Ireland 140.99 + 6.68
Holland 140.49 + 0.96
Spain 167.85 + 2.31
Ref Weekly Tribune