Varied demand among the majors, but little change in the market

Demand among the major processors was varied last week, although there was little change in the market, according to Thames Valley Cambac.

Some of the majors were keen, while others were quiet, the differences partly driven by trade and partly by staffing availability during this unprecedented time for the sector.

Contract contributions were a ‘stubborn stand on, while the SPP ‘eased disappointingly’ by 0.23p to 163.63p.

“Supply, meanwhile, was tighter still, with many producers seeing historical production issues impacting on numbers. Average weights continued to trend lower, and forward forecasts show little nearby improvement,” TVC said in its latest market update.

“The fresh meat trade was a touch livelier and reacting to a very quiet Easter by refilling supply lines. There seemed to be little import pressure and prices stood on.”

With the situation less bright across much of Europe, the cull sow market suffered and most quotes saw a 4p reverse. Spain and Belgium lost 2.9 and 2.6 eurocents respectively, but remaining quotes were similar. Price quotes in sterling were eroded further however, by a weaker Euro that ended the week down 0.58p at 86.98p.

Supplies of both 7kgs weaners and 30kg stores continued to be tight, but demand remained little changed as bids were very scarce for any batches outside regular contract arrangements. AHDB prices saw the weighted average for a 30kg store pig rise by £1.19 to £58.78, and the weighted average for a 7kg weaner rise by £1.52 to £43.47.

European Prices          (p/kg.dwt) w/c 19/04/20       Movement on last week
European Av               154.11                                     – 1.63
Belgium                       136.64                                     – 3.20
Denmark                     156.23                                     – 0.93
France                         157.81                                     – 1.17
Germany                     160.04                                     – 1.08
Ireland                         159.17                                     – 1.07
Holland                        146.99                                     – 1.74
Spain                           161.87                                     – 3.60
(Ref Weekly Tribune)

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Editor of LBM titles Pig World and Farm Business and group editor of Agronomist and Arable Farmer. National Pig Association's webmaster. Previously political editor at Farmers Guardian for many years and also worked Farmers Weekly. Occasional farming media pundit. Brought up on a Leicestershire farm, now work from a shed in the garden in Oxfordshire. Big fan of Leicester City and Leicester Tigers. Occasional cricketer.