Supplies are noticeably tighter as we move into December and the market dynamics appear to be subtly shifting, according to Thames Valley Cambac.
However, processors ‘continued to profess the doom mantra of poor retail sales and import pressure, at a time when there should be some festive cheer’, TVC added in its latest market update.
Price erosion continued with Morrisons-Woodheads reducing its contribution price a further 2p, making it 10p in three weeks. Others stood on, with the exception of one processor putting 1p in. This could stem from the
fact that this processor does not own their own animals and subsequently will be competing even
more so in the coming weeks for supply, TVC added.
Other Q prices eased due to a lower SPP. The fresh meat market was a touch more buoyant helped by better high street sales. Cull sows continued to improve, up another 5p on the back of improved continental trade.
European markets were encouraged by another 5 eurocent rise in Germany, but prices in sterling were
tempered by the continued weak Euro that ended the week down 1.18p at 85.88p.
There was little interest in any weaner supplies outside contractual arrangements. Fatteners are noticeably absent due to the parlous state of the finished market. There was insufficient data for AHDB to formulate any quotes.
UK and European Prices (p/kg) w/c 04/12/22 Movement on last week
SPP 200.36 -0.36
Tribune Spot Bacon 203.48 n/c
European Av. 168.62 +1.92
Belgium 157.2 +5.53
Denmark 145.44 -0.05
France 186.13 +0.02
Germany 171.71 +4.23
Ireland 180.30 -0.06
Holland 156.86 +4.24
Spain 182.87 -0.07
(Ref Weekly Tribune)