The last full processing week before the festive break, which will see three weeks of curtailed kill plans, was another poor one, with additional disarray caused by a major failing to complete a Saturday kill, according to Thames Valley Cambac.
“Number allocations remained below expectations leading to long, prolonged discussions with processors. The backlog increased and average weights continue to climb,” TVC said it its latest weekly market update.
Prices fell again due, in part, to anther fall in the SPP, down 0.72p to 142.84p. The fresh meat market was ‘unseasonaly quiet’ with little increase in volumes, while prices remained under pressure from cheap imports. The cull sow market was compromised by limited volumes, but prices stood on.
In Europe, both Belgium and Germany saw 3 eurocent increases and prices in sterling were enhanced by a stronger Euro that ended the week up 0.30p at 85.35p.
The weaner market remains badly disrupted by the backlog in the slaughter market. This unfortunately resonates
back down to the weaner producer, with many units now overstocked, TVC added. There was insufficient data for
the AHDB to issue any prices.
European Prices (p/kg.dwt) w/c 05/12/21 Movement on last week
SPP 142.84 – 0.72
Tribune Spot Bacon 142.19 – 0.34
European Av. 107.21 + 1.07
Belgium 85.36 + 2.52
Denmark 96.45 + 0.35
France 127.69 + 0.46
Germany 104.99 + 2.93
Ireland 124.62 + 0.45
Holland 98.50 + 0.35
Spain 113.10 + 0.41
(Ref Weekly Tribune)