The Thames Valley Cambac’s (TVC) latest pig marketing summary, for the week beginning July 31, shows a positive price rise, although the weaker Euro compromised the sterling prices.
In their report, TVC said that ‘summer holiday mode’ had affected “both retail footfall and staffing at processors,” which made “the day particularly difficult placing both rolled stock and pigs compromised by the recent hot weather spell.”
As such, consumer pork demands lessened and “contract price contributions stood on.” However, the TVC summary also stated that other market fundamentals improved, for an increase in prices.
The GB SPP was up 1.19p on the previous week’s figures, for 194.28p. As was Tribune Spot Bacon, at 200.41p – a rise of 1.45p since the previous week.
The Euro prices also appreciated to 119.06p, though the GBP figure fell by 1.15p owing to a weaker Euro, for a three month low of 83.99p.
The Spot Weaner Prices remained the same as the previous week (£36.00 to £43.00); cull sow demand was also ‘stable’, though the price fell by 1p.
On the other hand, the fresh meat market remained depressed, with cheap imports affecting demand alongside poor high street sales.
In Europe, Ireland and Denmark saw price increases of 1.06p and 0.52p respectively, while Europe saw a general price reduction of 0.99p on average; Germany saw the largest fall (2.13p) and France saw the smallest (1.23p).