The backlog is growing again, as factory breakdowns and inadequate allocations conspired to ’cause much upset and worry amongst producers’ last week, according to Thames Valley Cambac.
“We started on the back foot as some Saturday kills were not completed,” TVC said in its latest market update. “This overawed the start of the week. The backlog increased again at a time of year when we should be pulling forward in advance of Christmas.
“Space on farm is now critical for some, and is compounded by this unreliable processing sector. Pricing, albeit important, is secondary at the moment to the fight for every last slaughter slot.”
There were also difficulties in the cull sow market with numbers requirements limited due to Covid causing reduced processing on the continent. European markets were similar pricewise but prices in sterling were enhanced by a stronger Euro that ended the week up 0.69p at 84.62p.
The weaner market remains extremely subdued and badly disrupted as the backlog in the slaughter market
affects unit restocks. There is little or no spot market and there were no prices issued by the AHDB.
European Prices (p/kg.dwt) w/c 28/11/21 Movement on last week
Tribune Spot Bacon 143.31 – 0.35
SPP 144.31 + 0.15
European Av. 105.61 + 1.04
Belgium 82.42 + 0.67
Denmark 95.62 + 0.78
France 126.42 + 2.04
Germany 101.54 + 0.83
Ireland 123.55 + 1.02
Holland 97.65 + 0.80
Spain 112.12 + 0.92
Ref Weekly Tribune