Trading for the last week before the Christmas break saw supply tighten still further.
Most processors curtailed kills due to the short week, and price contributions were similar, but there
remains a chasm between current pricing and the latest AHDB COP at 232p, according to Thames Valley Cambac.
โThe fresh meat market was a touch hand to mouth with varied festive demand, but prices were generally stronger,โ TVC said in its latest market update.
โOne unusual feature of this week was enquiries from Belgium for a supply of weaners, and other anecdotal evidence that weaners in Holland had risen 15 Euros โ a sure sign that European numbers are tightening.โ
Cull sows continued to improve, up another 1p on the back of improved continental demand. European markets stood on and prices in sterling were enhanced by a stronger Euro, that ended the week up 1.18p at 87.23p.
The weaner market remained extremely quiet with little interest in any supplies outside contractual arrangements. Fatteners remain cautious of market direction despite recent price reductions in some raw materials.
There was insufficient data for AHDB to formulate any quotes.
UK European Prices (p/kg) w/c 18/12/22 Movement on last week
SPP 200.09 + 0.34
Tribune Spot Bacon 203.48 n/c
European Av. 171.59 + 2.53
Belgium 159.72 + 1.85
Denmark 147.77 + 2.17
France 189.12 + 2.78
Germany 174.47 + 2.57
Ireland 183.19 + 2.69
Holland 161.29 + 2.37
Spain 185.81 + 2.53
(Ref Weekly Tribune)