Lacklustre demand for pigmeat held back the market last week, trading week was littered with factory niggles, staff and hauliers issues and power outages, which added to the general malaise, according to Thames Valley Cambac (TVC).
“This lacklustre desire for pigmeat meant pretty shoddy number allocations, but supply eased back slightly so the market remained status quo. Processor contributions generally stood on, but other market fundamentals increased meaning all Q prices improved,” TVC said in its latest weekly market update.
“AHDB announced that the cost of production in June had risen to 244p making current losses even greater. The fresh meat market was a touch better, helped by barbecue demand.”
“The cull sow market was similar reflecting the poor sow meat market in Europe. Finally, more worrying news on ASF in Germany. There has been a confirmed case in a 280 sow unit just 20km from the Dutch border – a jump of 310 km eastwards.”
The weaner trade was minimal outside contract arrangements, with fatteners are few and far between.
AHDB announced a 7kg weaner price at £46.20 but there was insufficient data to formulate a
30kg store pig price.
European and GB prices (p/kg) w/c 03/07/22 Movement on last week
GB SPP 186.39 + 1.41
Tribune Spot Bacon 194.80 + 2.10
European Av. 161.34 + 3.95
Belgium 147.39 + 1.49
Denmark 131.62 + 3.65
France 188.37 + 8.08
Germany 160.30 + 1.62
Ireland 168.10 + 5.13
Holland 148.08 + 3.98
Spain 185.69 + 4.11
(Ref Weekly Tribune)