Domestic demand steadies

This week’s Pig Marketing Summary from Thames Valley Cambac reported that domestic demand was described as steady by one or two majors, and one processor chose to work a four-day week in advance of the late May Bank holiday.

TVC - 20.05.19
Supply tightened again giving credence to previous reports of poor production, and average weights continued to fall. Prices improved again with the SPP up a healthy 1.26p, and weekly contract contributions were 2p to 3p stronger.

The fresh meat market was better, with good demand being seen from the foodservice sector, due to the continuing competitiveness of home grown supplies against more expensive imports. The cull sow market surged ahead with quotes 3p to 4p stronger for most deals. In Europe, prices continued to fly, with Germany, Denmark and Ireland all adding 4 eurocents.

The European average quote of 147.13p is now over 4p over the SPP and virtually on par with this week’s Tribune. Price quotes in sterling were further enhanced by a stronger Euro that ended the week up 1.34p at 87.59p.

The Weaner Marketing Summary, for week commencing May 12, reported that demand steadied a touch this week as some fatteners found difficulty getting accommodation turned around in time. Supply remained tight however, and prices did improve. The prices announced by the AHDB saw no quote given for a 30kgs store pig, and the weighted average for a 7kg weaner rise by 43p to £35.73.

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