Thames Valley Cambac’s (TVC) pig marketing summary, for the week concluding August 7, shows that GB and European pig prices saw a positive boost regardless of slowing throughputs and sales.
GB SPP was up 1.58p from a week ago, for a figure of 195.86p; Tribune Spot Bacon was also up by 0.50p week-on-week, for a price of 200.91p.
GB SPP probe prices fell 0.2p, for a weekly figure of 11.0p. As did sterling to Euro prices, for a weekly total of 118.66p – down from 119.06p. Although, prices in sterling were ‘enhanced by a stronger Euro that ended the week up 0.28p at 84.27p’.
In Europe, volumes are running at the levels expected for this time of year, according to TVC, as is the cull sow market. Though France remains an outlier, adding 4.16 eurocents to the previous weeks price, for a weekly total of 193.56 eurocents. The average European price rose by 1.20 eurocents on the previous week, ending at 160.53.
TVC commented in their report that “pig growth was still curtailed by the recent hot weather, but supplies remained ample for demand.” While “price contributions stood on, but other market fundamentals improved again,” thereby lending itself to a positive price boost regardless of the processor throughputs which “continued to falter due to staff shortages, breakdowns and flat sales.”