Strong demand, bolstered by the re-opening of pubs and restaurants for outdoor consumption, and tight supplies contributed to the biggest pig price increase in nearly two years last week.
“Demand remained brisk from most processors, encouraged by reports of good retail and export opportunities,” Thames Valley Cambac (TVC) said in its latest weekly market update.
“It was a pity, therefore that some chose to hold back on increasing contract contributions. Prices were helped by other market fundamentals with the SPP up 1.18p to 141.74p – the biggest weekly rise in nearly two years.
“Supplies tightened again and average weights continued to decline. The fresh meat market was excellent, helped by strong interest from pubs and hoteliers with outdoor dining options.
“As lockdown restrictions ease, we should see renewed interest from the foodservice sector.”
The cull sow market stood on again, reflecting a static continental market post Easter. In Europe, the only significant move was France adding 4 eurocents, but all price quotes in sterling were enhanced by a stronger Euro that ended the week up 1.47p at 86.66p.
Weaner demand continued to focus on 30kg stores with demand outstripping supply for the first in a very long time !I 7 kg weaners continued to struggle, especially for any outside contract arrangements.
Prices of 30 kgs stores continued to improve, but there were no weaner or store pig prices announced by AHDB.
European Prices (p/kg.dwt) w/c 11/04/21 Movement on last week
Tribune Spot Bacon 142.60 + 0.72
European Av. 135.84 + 2.78
Belgium 115.95 + 1.96
Denmark 122.36 + 2.07
France 145.27 + 5.83
Germany 129.99 + 2.19
Ireland 140.73 + 2.38
Holland 132.24 + 2.23
Spain 164.30 + 2.77
(Ref Weekly Tribune)