Producers must factor in the possibility of plant closures over the next few weeks as COVID-19 continues to cause issues in factories, according to Thames Valley Cambac.
With only eight full weeks left before Christmas, producers must be aware that planned movements may be subject to change, TVC said in its latest weekly update.
“This issue aside, decent demand was seen from most of the majors driven by retail sales,” it said.
Prices generally stood on, with an odd exception, and reflected market stability. The fresh meat market was a different story, however, due to various lockdowns affecting foodservice, and competition from very cheap imports, with prices down 3p to 4p in some cases.
Cull sows were a stand on and prices in Europe were fairly stable with Spain the only significant reverse, down 1.3 eurocents.
Price quotes in sterling were lower due to a weaker euro that ended the week down 0.24p at 90.67p.
Weaner demand remained out of synch with supply, and there was little interest for any supplies outside regular movements. AHDB prices saw the weighted average for a 30kg pig rise 26p to £56.95, and there was no quote for a 7kg pig.
European Prices (p/kg.dwt) w/c 25/10/20 Movement on last week
European Av. 129.34 – 0.51
Belgium 100.10 – 0.26
Denmark 125.49 – 0.33
France 148.31 – 0.39
Germany 115.16 – 0.30
Ireland 145.99 – 0.39
Holland 119.30 – 0.32
Spain 151.06 – 1.58
(Ref Weekly Tribune)
