A combination of strong demand and tight supplies should pave the way for higher pig prices, according to Thames Valley Cambac (TVC).
“The supposed short week had little effect on trade with all the major processors working through,” TVC said in its latest market report.
“Demand was excellent, with most majors at or above their contract quota. Supplies tightened nicely to create a touch of a shortage, and the opportunity to push prices upwards.”
Monthly negotiated quotes meant some contracts jumped in excess of 4p, while weekly contributions were all up 2p and 3p. The fresh meat market was livelier, with good demand reported from butchers and wholesalers and prices improved by 1p to 2p.
The cull sow market stood on pricewise as demand steadied in advance of the Easter holiday.
European markets generally stood on, with the exception of Spain, which was up another 6 eurocents. Price quotes in sterling were compromised however, by a weaker Euro
that ended the week down 0.26p at 85.50p.
Demand for 30kgs weaners was stronger than of late, but the 7kg market continues to struggle, especially for any batches outside contract commitments. There were no weaner or store pig prices announced by AHDB.
European Prices (p/kg.dwt) w/c 28/03/21 Movement on last week
European Av. 132.91 + 0.47
Belgium 114.40 – 1.46
Denmark 120.73 – 0.37
France 138.62 + 0.40
Germany 128.25 – 0.39
Ireland 135.78 + 0.44
Holland 130.48 – 0.40
Spain 162.11 + 5.08
Tribune Spot Bacon 141.11 + 1.18
(Ref Weekly Tribune)