Number allocations were ‘shockingly short’ again last, not helped by reliability issues at a couple of majors, according to Thames Valley Cambac.
There was little change this week, either processor sentiment or producer frustration. The backlog grows bigger and weights continue to increase,” TVC said in its latest market update.
With the Government’s industry support package taking effect in November, TVC said there was still ‘no news regarding private aid to storage and little sign of foreign butchers rushing to work here’.
One major took a penny out of its contract contribution, but the SPP bounced back, up 1.87p.The fresh meat market remained troubled by the continued challenge of cheap imports.
The cull sow market was well supplied as the number of herd clearances increases, but exporters had finite orders so there may be a small waiting list. European prices fell further in Spain, and the Euro ended the week up 0.12p at 84.49p.
The weaner and store market is now limited to contracted supplies, with little to no interest outside these
arrangements. Some producers are now struggling to accommodate stock, but fatteners cannot be
tempted at any price, TVC added. There were no prices issued by AHDB.
European Prices (p/kg.dwt) w/c 31/10/21 Movement on last week
Tribune Spot Bacon 146.72 n/c
GB SPP 148.22 + 1.87
European Av. 105.19 – 0.02
Belgium 82.29 + 0.11
Denmark 95.39 + 0.14
France 124.62 + 0.01
Germany 101.39 + 0.15
Ireland 123.35 + 0.17
Holland 97.50 + 0.14
Spain 111.94 – 0.95
Ref Weekly Tribune