Pork demand remained strong, and factory reliability improved last week, although it was not ‘wholly without issue’, with a number of pigs rolled into this trading week, according to Thames Valley Cambac.
News that the Pilgrim’s Ashton plant is resuming five-day processing, with an associated uplift in numbers has bolstered demand, TVC said in its latest weekly market update.
“This indicates that there are improved sales opportunities, no doubt enhanced by barbecue demand from the general public still largely confined to home shores, and England’s continued participation in the Euro 2020 football tournament,” it said.
Supplies remained tight with average weights trending lower. Prices increased with the SPP up 1.17p at 156.99p, monthly contract contributions up 5p, and weekly contributions up 2p. Fresh meat demand was buoyant with prices 1p to 2p stronger. The cull sow market was similar pricewise.
European markets remained volatile, with significant falls reported in Belgium, Holland and France reacting to the German falls of the previous week. Price quotes in sterling were enhanced slightly as the Euro ended the week up 0.17p at 85.95p.
Weaner demand remained weak for any supplies outside contractual arrangements, meaning that some batches remained unplaced. There were no weaner or store pig prices issued by AHDB.
European Prices (p/kg.dwt) w/c 27/06/21 Movement on last week
Tribune Spot Bacon 159.70 + 2.10
GB SPP 156.99 + 1.17
European Av. 136.83 – 2.40
Belgium 103.83 – 6.49
Denmark 128.32 – 2.08
France 154.28 – 4.94
Germany 127.21 + 0.25
Ireland 148.69 + 0.26
Holland 126.69 – 6.02
Spain 168.55 – 3.02
(Ref Weekly Tribune)