Weak demand continues to put a brake on the pork market, despite tightening supplies, according to Thames Valley Cambac.
“While the calendar noted a change in season and historically better trade for pig meat, demand remained lacklustre at best. It is hoped improvements will be seen when schools go back,” TVC said in its latest market update.
“Supplies were still tight and slaughter weights on the low side, with growth rates having been affected by the recent hot weather.”
Prices were a touch stronger on the back of market fundamentals, but processor contributions stood on, while the fresh meat trade was little changed, although import pressure eased on the back of improved continental prices.
Cull sow prices were 5p stronger on the back of better continental trade and favourable currency, as European markets generally stood on, while prices in sterling were enhanced by a stronger Euro that ended the week up 1.02p at 86.48p.
The weaner market was subdued with little interest from fatteners and little will change until costs reduce
and/or finished prices increase. Supplies were therefore confined to regular contracted movements only, TVC added.
AHDB issued a 7kg weighted average price at £48.65, but there was insufficient data to formulate a 30kg store price.
European Prices (p/kg.dwt) w/c 04/09/22 Movement on last week
SPP 198.40 + 0.34
Tribune Spot Bacon 204.00 + 0.75
European Av. 175.90 + 2.19
Belgium 165.17 + 0.72
Denmark 144.16 + 1.65
France 210.23 + 2.99
Germany 177.28 + 2.09
Ireland 179.87 + 2.11
Holland 161.37 + 2.16
Spain 193.20 + 3.39
(Ref Weekly Tribune)