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
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)