Firm demand and tight supply continue to push up prices – TVC

Demand stayed firm last week, despite one major processor reducing capacity to three days at one of it’s plants for the foreseeable future due to the loss of China export status after a COVID outbreak, according to Thames Valley Cambac.

“Supply was extremely tight and average weights continued to tumble,” TVC said in its latest weekly market update. “The focus was firmly on contract price contributions, with increases of 4p and 3p achieved in a couple of influential outlets.

“The fresh meat market motored on with good demand seen from both high-street and food service – prices generally improved 1p to 2p. The black spot of the day was reserved for the cull sow export trade. German cutting plants reported a resurgence of Covid which badly affected staffing levels.

“The upshot was the limited numbers of staff concentrating on cutting fresh pork at the expense of sow meat. Price quotes were back 6p, and the feeling is that this situation will not improve for a few weeks to come.”

European pork markets were mixed with Denmark. Ireland and France all adding 4 eurocents, while Belgium lost 2 eurocents. Price quotes in sterling were enhanced by a stronger Euro that ended the week up 0.13p at 86.79p.

Weaner demand and supply continued to be out of balance in the 30kg store market with some orders going unfulfilled.

It was a different story in the 7kg weaner market where more specialist accommodation is still at a premium. There were no weaner or store pig prices announced by the AHDB.

European Prices (p/kg.dwt) w/c 18/04/21    Movement on last week

Tribune Spot Bacon                144.41             + 1.81

European Av.                           137.14             + 1.31

Belgium                                  113.87            – 2.08

Denmark                                 126.02             + 3.66

France                                    148.83             + 3.56

Germany                                 130.19             + 0.20

Ireland                                     144.08             + 3.34

Holland                                    132.45             + 0.21

Spain                                       164.56             + 0.26

(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.