Majors keep numbers tight – TVC

Trade was little changed last week, according to Thames Vally Cambac, with most of the majors keeping numbers tight due to the repeated narrative of poor retail demand, limited export opportunities, and staffing issues.

The continuing flare ups of coronavirus around the country make the whole market jittery as to the possibility that a major plant has production curtailed by an outbreak.

“Supply was ample for demand, and average weights continued to rise – many producers reporting excellent growth,” TVC said in its latest weekly market report.

“There is little opportunity now to get on top of weights until demand picks up. Contract price contributions eased again and the SPP fell back 0.43p. The fresh meat market was fairly resilient however, seemingly helped by good demand for British product.

“The cull sow market continued to recover and prices stood on. European prices were stable, with a 2.5 eurocent improvement in the Belgian quote the only significant movement. Quotes in sterling were compromised however by a weaker Euro that ended the week down 0.94p at 90.05p.”

AHDB weaner prices saw the weighted average for a 30kg store pig quoted at £60.08 and the weighted average for a 7kg weaner quoted at £42.99.

European Prices (p/kg.dwt) w/c 02/08/20    Movement on last week 

European Av.                           132.97             – 1.04

Belgium                                  112.97              + 1.18

Denmark                                 127.02             – 1.31

France                                    139.73             – 1.45

Germany                                 132.38             – 1.37

Ireland                                     149.04             – 1.54

Holland                                    118.33             – 1.22

Spain                                       152.01             – 1.57

(Ref Weekly Tribune)

 

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