Most of the majors are planning a full week’s processing, albeit with some slack built into the plan to cope with staff absenteeism, according to Thames Valley Cambac’s latest market update.
Unsurprisingly, the market last week was dominated by the coronavirus outbreak, and the subsequent panic buying.
Contract price contributions generally stood on, and the SPP, which has been unusually stable in recent weeks, saw a welcome lift up 0.17p at 163.22p.
“Supply was seasonally tight, but some producers had the foresight to pull forward in advance of any disruption. Demand from the fresh meat sector was keen, fuelled no doubt by TV screens showing long queues and empty shelves,” TVC said.
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