Last week proved to be a frustrating one, with factory breakdowns adding to the mix, as prices failed to rise in line with expectations, according to Thames Valley Cambac.
“Most processors remained keen for pigs, with some anecdotal reports suggesting that retail demand had increased greatly,” TVC said in its latest weekly market update.
“It was therefore disappointing that weekly price contributions stood on, and we had to rely on a large lift in the SPP, up 2.24p to 155.03p, to keep contract Q prices moving. We repeat the comment of last week that prices must improve soon, to get producers back into profit, or we risk having a much smaller industry.”
The fresh meat market continued to shine, with reports of excellent demand from the high street- prices were 1p to 2p stronger.
The cull sow market stood on, reflecting a stable German market. In Europe, there was very little movement in any prices, with the Euro was virtually unchanged, up 0.02p at 85.71p.
Weaner demand remained thin on the ground with many one off batches finding little interest. Prices linked to SPP improved, but there was little change elsewhere. AHDB announced a 7kg weaner price at £37.74, but there was no 30kg store pig quote.
European Prices (p/kg.dwt) w/c 13/06/21 Movement on last week
GB SPP 155.03 + 2.24
Tribune Spot Bacon 157.38 + 0.82
European Av. 143.62 + 0.12
Belgium 119.10 + 0.02
Denmark 137.14 + 0.03
France 159.11 + 0.07
Germany 134.56 + 0.03
Ireland 147.76 + 0.03
Holland 134.80 + 0.27
Spain 172.86 + 0.37
(Ref Weekly Tribune)