Backlog increases, slaughter weights rise and SPP plummets – market situation remains dire

Numbers of pigs taken by processors continued to be ‘woefully inadequate’ last week, not helped by unwelcome maintenance at one plant, taking out a day and a half processing, according to Thames Valley Cambac. 

“Contract commitments mean little now to most processors and their views are becoming increasingly entrenched. The backlog increases and slaughter weights continue to rise, with records being breached again,” TVC said in its latest weekly market update.

Most contract contributions stood on but the SPP saw another large fall, down 4.66p, due to more minimally butchered pigs that were destined for export being captured in the sample. The fresh meat market continued to be challenged by cheap exports and prices eased as a result.

Cull sows stood on again, but volumes required were limited. European prices fell further in Ireland and Spain, and the Euro was virtually unchanged at 84.37p.

The weaner and store market is now limited to contracted supplies, with little to no interest outside these
arrangements, TVC added. Some producers are now struggling to accommodate stock, but fatteners cannot be
tempted at any price.  AHDB issued a 7kg weighted average weaner price at £34.78 but no 30kg
price.

European Prices (p/kg.dwt) w/c 24/10/21   Movement on last week

Tribune Spot Bacon                146.72             – 1.30

SPP                                          146.35             -4.66

European Av.                          105.21             – 0.76

Belgium                                   82.18               + 0.01

Denmark                                 95.25               n/c

France                                     124.61             + 0.67

Germany                                 101.24             n/c

Ireland                                     123.18             – 3.37

Holland                                    97.36               n/c

Spain                                       112.89             – 2.19

(Ref Weekly Tribune)

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Editor of LBM titles Pig World and Farm Business and group editor of Agronomist and Arable Farmer. National Pig Association's webmaster. Previously political editor at Farmers Guardian for many years and also worked Farmers Weekly. Occasional farming media pundit. Brought up on a Leicestershire farm, now work from a shed in the garden in Oxfordshire. Big fan of Leicester City and Leicester Tigers. Occasional cricketer.