Some pig producers still appear to be unaware that their pork supply base is being eroded, as pig farmers go out of business on the back of a year of a deepening crisis, according to Thames Valley Cambac.
Supplies continued to tighten, with recent warm weather compromising pig growth, exacerbating reductions through business closures that are now starting to filter through.
“Frustratingly, demand faltered as well, with numerous reasons from processors as justification,” said in its latest market update. “The supply chain is broken, and primary producers will continue to fold unless prices improve rapidly. Some processors, however, seem oblivious that their raw material will not continue unless action is taken swiftly.”
Contract price contributions stood on again, but prices improved, helped by other market fundamentals. The SPP broached 190p ‘to little fanfare’, reaching a new record 191.11p, while the average weight in the sample was sub 89kgs, a 10-month low.
The fresh meat market was a touch more buoyant, capturing the warm weather barbecue trade, and prices generally improved.
Cull sows were similar, but supplies are starting to tighten. European markets saw Ireland add 6 eurocents and Spain up 1.5 eurocents, while all others quoted stood on. Prices in sterling appreciated due to a stronger Euro which ended the week up 0.41 at 84.99p.
Weaner trade was minimal with little fattener interest and many fattening yards are now standing empty. There was insufficient data for AHDB to formulate any prices.
UK and European Prices (p/kg) w/c 17/07/22 Movement on last week
SPP 191.11 +2.23
Tribune Spot Bacon 197.40 + 0.85
European Av. 160.03 + 1.77
Belgium 143.46 + 0.68
Denmark 129.01 + 0.61
France 189.69 + 1.32
Germany 157.23 + 0.75
Ireland 169.98 + 5.89
Holland 145.24 + 0.68
Spain 185.36 + 1.98
(Ref Weekly Tribune)