Pig prices move forward on the back of tight supply and ‘keen’ demand
Pig prices moved forward last week, with one major adding 3p to its weekly quote, followed by similar rises in other significant outlets, according to Thames Valley Cambac.
In its latest market update, TVC said the trigger for the long-awaited rise seemed to be the continuing shortage of supply, and a realisation that domestic demand shows no sign of easing off.
“Demand was keen with all the majors continuing to plan full weeks processing, despite some staffing issues caused by coronavirus,” TVC said.
“Supply was extremely tight with historic production issues being at its peak. Short-term forward forecasts show an inkling of improvement, but nowhere near back to normal.
“Demand in the fresh meat market was fairly buoyant, with many orders seeing increased number requirements. Prices here improved as well.
The cull sow market saw tighter volumes overall, but prices were generally similar.”
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