Warm bank holiday helps maintain market momentum

The prospect of a warm Bank Holiday helped the market maintain momentum last week, according to Thames Valley Cambac. 

“There was certainly decent demand all round underpinned by a tight supply, and forward planning to more retail promotions associated with Euro21, which kicks off on June 11,” TVC said in its latest weekly market update.

Prices continued to improve with monthly quotes rising by double digits and weekly contract contributions up by 2p-3p. Add to this another good improvement in SPP, up 1.23p at 151.74p, and all Q prices are stronger.

The fresh meat market was more buoyant with good demand seen from most outlets and prices generally improving by 1p-2p, while the cull sow took its lead from a static continental market by standing on.

In Europe, the Netherlands added 5 eurocents to bring its price in line with its near neighbours, while the only other significant mover was Spain, up 2.5 eurocents and breaching 170p in sterling terms. Price quotes in sterling were compromised by a weaker Euro that ended the week down 0.11p at 85.76p.

The weaner market is getting more difficult as feed costs show no sign of weakening. Coupled with the scarcity of straw, there is reluctance from many fatteners to commit to purchasing at current levels.

There were no weaner or store pig prices announced by AHDB.

European Prices (p/kg.dwt) w/c 30/05/21   Movement on last week

GB SPP                                  151.74             + 1.23

Tribune Spot Bacon                155.43             + 1.80

European Av.                          142.52             + 0.73

Belgium                                   119.18             – 0.12

Denmark                                 134.94             – 0.17

France                                     158.91             + 0.11

Germany                                 132.08             – 0.06

Ireland                                     147.00             – 0.18

Holland                                    134.53             + 3.92

Spain                                       170.97             + 1.72

(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.