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)
