Carcase weights are continuing to reaching the highest ever level for the SPP sample quote, according to Thames Valley Cambac.
Processing continued to be hamstrung by a combination of inefficient factories and increasingly common staffing issues last week due to COVID-19, TVC said in its latest market update.
“Supply was ample, with the regular autumnal growth spurt being reported by many producers, while average weights continued to rise with the latest SPP sample quote the highest ever at 86.85kg,” TVC said.
“Prices eased, partly due to the large fall in the SPP, down 1.39p at 158.23p. The fresh meat market was varied, with some worried by the effect of possible increased restrictions placed on pubs and restaurants, whilst others saw better demand from improved footfall at butchers.”
European markets were static price wise, but downward pressure could return as abattoirs are threatened with closure again due to COVID, TVC warned. Price quotes in sterling were enhanced by a stronger Euro that ended the week up 0.49p at 91.16p.
Weaner demand remained fickle for any supplies outside contract arrangements and movements were restricted in some cases as the backlog of slaughter pigs meant accommodation was not being readied on schedule.
There was no AHDB prices for 30kg pigs, while the weighted average for a 7kg pig rose by 33p to £41.25.
European Prices (p/kg.dwt) w/c 11/10/20 Movement on last week
European Av. 130.31 + 0.62
Belgium 100.63 + 0.55
Denmark 126.18 + 0.77
France 149.44 + 0.16
Germany 115.78 + 0.63
Ireland 146.78 + 0.80
Holland 119.95 + 0.65
Spain 153.43 + 0.83
(Ref Weekly Tribune)
