Rising European pig prices continue to support the UK pig price at a time when domestic supplies are tightening.
The late summer Bank holiday caused some disruption with factory closures, but supplies remained on the tight side with slaughter weights well under control, Thames Valley Cambac said in its latest market report.
“Prices improved with some Q quotes now breaching the £2 mark – still well below costs of production, but another milestone reached with little fanfare,” it said.
Tight supplies in Europe fuelled further price rises in most markets, and prices in sterling were further enhanced by a stronger Euro that ended the week up 0.52p at 85.46p.
“The market will hopefully be given added impetus by the news from Germany that prices increased another 5 eurocents making 20 eurocents up in three weeks,” TVC added.
“The fresh meat trade was little changed, although some saw decent barbecue demand. Cull sow supplies were tighter than of late and prices reacted to the improved continental trade adding another 7p.”
Fatteners remained absent from the market due to the high feed costs, and uncertainty over the forward finished pig price. Supplies were therefore confined to regular contracted movements only. There was insufficient data for the AHDB to formulate any weaner prices.
European Prices (p/kg.dwt) w/c 28/08/22 Â Movement on last week
SPP Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 198.06 Â Â Â Â Â Â Â Â Â Â Â + 0.66
Tribune Spot Bacon               203.25            + 0.69
European Av. Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 173.71 Â Â Â Â Â Â Â Â Â Â Â + 3.58
Belgium                                  164.45            + 6.63
Denmark                                142.51            + 4.32
France                                    207.24            + 3.76
Germany                                175.19            + 5.31
Ireland                                    177.76            + 1.09
Holland                                   159.21            + 4.37
Spain                                      189.81            + 1.16
(Ref Weekly Tribune)