Processing woes continued last week, with continuing reliability issues blighting some of the majors, according to Thames Valley Cambac.
“The narrative from most of the majors was poor retail demand, limited export opportunities, and staff absenteeism. This translated to a severe effort by them to lower the price. Weekly inputs were 1p to 2p lower, and monthlies a touch more,” TVC said in its latest market update.
“A small crumb of comfort was a rise in the SPP. Supplies continued to improve, with average weights on the increase as well. Producers still have focus on weight, and the chance to build a buffer into the system has evaporated with the downturn in the market.
“The fresh meat market was by contrast relatively unchanged with decent demand seen from most outlets. The cull sow market had a better day as well. Prices stood on, but volumes increased as the German market came back on line, helped by the partial reopening of the Tonnies plant.”
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