This week’s Slaughter Marketing Summary from Thames Valley Cambac said the market meandered into yet another week of uninspired trading! Numbers coming forward are still below what would normally be expected but this shortfall in supply meets with what can only be described as mediocre demand!
Most processors reduced their input elements by 1p. Monthly price negotiations for August are also seeing reductions from the July positions which were inevitable with the differential between the UK and Mainland Europe widening to nearly 29p at the headline level.
On a positive note, reports from some of the major processors are that the majority of retail accounts that have committed to buying UK RT are sticking to this and have not been tempted away. The demand for Freedom Food product seems to be holding and in fact the momentum created earlier in the year continues, and as we sit today, we have several enquiries for more FF supply.
The sow market dropped 1p for most outlets. This was against the fact Sterling lost value through week but again supply in Europe is outstripping demand thus driving a reduction in price.
The Weaner Marketing Summary, for week commencing July 22, reported the market remained very quiet, with very few offers for any stock not on contract. The prices announced by the AHDB saw the weighted average for a 30kgs pig rise by £1.14 to £55.39 and the weighted average for a 7kg fall by 33p to £39.