There are more positive signs for pig producers, as prices continue to increase on the back of tightening supplies and rising EU prices, according to Thames Valley Cambac.
In its latest market report, TVC said it held a well-attended producer meeting in York earlier last week, at which the need for European prices to strengthen in order to further bolster the UK market was highlighted.
“This was followed with the welcome news that the German market had lifted 8 Cents or just under 19p/kg behind our current SPP level, a well-received message that tightening supplies brings change more into focus, putting pressure up the supply chain in continuing with upward pricing challenges through to the end consumer,” it said./ “However, focus should also be on the fact that pork is still one of the best value proteins!”
Pig numbers remain tight again for this week with some businesses still trying to catch up with lower weights. Factories are balancing having less stock, with just over 22,000 fewer pigs sold in the four weeks to the end of January 23, compared with the previous four weeks and numbers well down on the same weeks in 2022 and 2021.
“Our herd reduction is now starting to bite, with fewer pigs, certainly off the outdoor units currently, as a direct consequence of last summer’s hot dry spell and some health challenges,” the report added.
The SPP is now at 204.78p, its highest level ever, as pig supplies trail behind demand. Sows were up another 5p/kg for this week with the price heading fast towards £1/kg.
UK and European Prices (p/kg) 05/02/2023 Movement on week
SPP 204.78 + 2.26
Tribune Spot Bacon 206.48 + 1
European Av 179.84 + 6.79
Belgium 170.38 + 11.75
Denmark 133.07 + 1.95
France 221.07 + 8.39
Germany 185.64 + 9.87
Ireland 180.29 + 2.76
Holland 165.74 + 6.58
Spain 202.87 + 6.53