Conditions on farm are deteriorating and pig weights are just getting bigger, with no sign of the backlog easing, according to Thames Valley Cambac.
In its latest weekly market update, TVC said: “After another chaotic week with factory breakdowns and rolled pigs, this week’s trading was dominated by discussions over number allocations.
“Most processors planned kills around available staff, but the space offered was not sufficient. Some added Saturday kills to try and alleviate the situation, but overall, the backlog grew. Conditions on farm are deteriorating and pig weights just get bigger.”
Prices appreciated in some instances helped by the bounce back in the SPP, and contract contributions stood on. But the fresh meat market continued to struggle with competition from cheap imports displacing domestic supply.
The cull sow market required limited volumes, constrained by kill space and poor continental demand. European markets stood on and prices in sterling were a touch weaker as the Euro ended the week down 0.04p at 85.50p.
The weaner market remains extremely subdued and badly disrupted as the backlog in the slaughter market
affects unit restocks, TVC added. There is little or no spot market and there were no prices issued by the AHDB.
European Prices (p/kg.dwt) w/c 14/11/21 Movement on last week
GB SPP 146.47 + 1.80
Tribune Spot Bacon 144.76 – 0.53
European Av. 106.45 – 0.05
Belgium 83.28 – 0.04
Denmark 96.54 – 0.04
France 126.12 – 0.14
Germany 102.61 – 0.04
Ireland 124.84 – 0.06
Holland 98.67 – 0.05
Spain 113.29 – 0.06
Ref Weekly Tribune