Processing woes continued last week, with continuing reliability issues blighting some of the majors, according to Thames Valley Cambac.
“The narrative from most of the majors was poor retail demand, limited export opportunities, and staff absenteeism. This translated to a severe effort by them to lower the price. Weekly inputs were 1p to 2p lower, and monthlies a touch more,” TVC said in its latest market update.
“A small crumb of comfort was a rise in the SPP. Supplies continued to improve, with average weights on the increase as well. Producers still have focus on weight, and the chance to build a buffer into the system has evaporated with the downturn in the market.
“The fresh meat market was by contrast relatively unchanged with decent demand seen from most outlets. The cull sow market had a better day as well. Prices stood on, but volumes increased as the German market came back on line, helped by the partial reopening of the Tonnies plant.”
Prices in Europe were stable, but quotes in sterling were compromised by a weaker Euro that ended the week down 0.10p at 90.98p.
Weaner supplies were a touch more plentiful, but demand remained ‘languid’, with many fatteners just sticking to contracted numbers. Prices were similar. AHDB did not issue quotes for 30kg store pig or 7kg weaners.
European Prices (p/kg.dwt) w/c 26/07/20 Movement on last week
European Av. 134.01 – 0.13
Belgium 111.09 – 0.11
Denmark 128.33 – 0.06
France 141.17 – 0.14
Germany 133.75 – 0.14
Ireland 150.58 – 0.15
Holland 119.55 – 0.12
Spain 153.58 – 0.16
(Ref Weekly Tribune)