Lacklustre demand and factory niggles hold back market

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)

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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.