‘Decent demand’ as factory issues continue

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)

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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.