Tight supply helps boost prices despite weaker demand

Demand this week was a touch weaker from the majors, with more than one commenting on poorer sales, according to this week’s Pig Marketing Summary from Thames Valley Cambac.

The Summary said that supply remained extremely tight, although there were the odd indications of improvements in the not too distant future.

e-mail summary 10th June 2018

While most of the factory contributions stood on, prices with a percentage of SPP in their calculation improved nicely as SPP increased by 1.20p, the largest weekly rise in 11 months. The fresh meat market was a touch quieter, possibly reflecting poorer weather in some parts of the country.

The cull sow market was livelier, with good competition seen between the exporters, and most prices improved a penny or so. The European markets were buoyed by the German price improving €0.03, with smaller but significant increases in Belgium and Spain. Prices in sterling were enhanced slightly by a stronger Euro that ended the week up 0.09p at 87.77p.

The Weaner Marketing Summary reported that supply of both 7kgs weaners and 30kgs stores improved again with numbers inflated by one off batches from some breeder feeders. Demand remained on the steady side of good. The prices announced by the AHDB saw no quote given for a 30kgs pig and the weighted average for a 7kg fall by 37p to £37.70.

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