Situation improving in pork plants amid positive market signs

The situation is starting to get better in UK pork plants, according to Thames Valley Cambac. 

While not problem free, last week saw a ‘vast improvement’ on previous weeks, with little rolled and we start the new trading week with a ‘straight edge’, TVC said in its latest market update.

“Most processors planned near to or at contract numbers – one of the first signs that demand is starting to improve,” TVC said.

“The slow return to normality with schools reopening will hopefully have a positive effect on demand. Supplies were a touch tighter although weights were still close to record levels.”

Prices generally stood on with the latest SPP recording its first positive movement since last July. The fresh meat market showed signs of improvement, with decent demand from many, while the cull sow market continued its meteoric rise adding another 10p on the back of improved continental prices.

Prices in Europe continued to fly with Germany up another 10 eurocents, and near neighbours up 6 and 7 eurocents. Germany also announced their first export deal outside Europe since ASF, agreeing with Vietnam that the country is regionalised by state.

Price quotes in sterling were compromised by a weaker Euro that ended the week down 0.75p at 86.30p.

Weaner supplies remained on the tight side, but demand was fickle, with feed price and straw availability ‘drags on the market’. AHDB’s 7kg weaner price was £34.42.

European Prices (p/kg.dwt) w/c 07/03/21    Movement on last week

GB SPP                                  138.79             + 0.33

Tribune Spot Bacon                139.93             n/c

European Av.                           124.12             + 4.32

Belgium                                  108.71             + 6.96

Denmark                                 116.07             + 4.82

France                                     132.64             + 2.06

Germany                                 120.82             + 7.65

Ireland                                     132.73             – 1.16

Holland                                    112.71             + 4.41

Spain                                       145.14             + 5.52

(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.