Market remains unusually quiet

This week’s Pig Marketing Summary, from Thames Valley Cambac, reported that the market remained unusually quiet, with most of the majors sticking to on or below contract numbers.

TVC - October 28

 

Supply was tighter, which suited this poorer demand. Prices improved helped by another good rise in the SPP – up 1.15p, the largest one week rise in four months.

Some monthly negotiated contract contributions also rose helping all contract quotes to improve. The fresh meat market was noticeably quieter with half term and the end of month poor sales affecting demand on the high street, but prices stood on.

The cull sow market was similar pricewise, although Brexit uncertainty meant a hefty caveat had to be stated that in the event of a no deal Brexit on October 31, sows may be subject to a 45p tariff. In Europe, Denmark continued to buck the trend adding another 2.7 euro cents, while France and Spain both saw a reverse of 1 eurocent. Price quotes in sterling were enhanced a touch by a stronger Euro that ended the week up 0.16p at 86.59p.

The Weaner Marketing Summary, for week commencing October 20, Supply continued to outstrip demand , with poor uptake on any batches outside contacted numbers. The prices announced by the AHDB saw no quote for a 30kg store pig and the weighted average for a 7kg weaner rise by 11p to £40.09p.

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