Better week for processors, but COVID still an issue
Most processors had a better week in terms of reliability, but COVID-19 concerns remained for some, curtailing capacity, according to Thames Valley Cambac.
“Demand remained steady, although there was the odd shoot of optimism from some retail quarters with one major on promotion for the next 10 weeks , and another targeting Mother’s Day for a big push,” TVC said in its latest market update.
“Supplies were still ample but there were signs that the backlog will soon be through. All contract contributions stood on and monthly negotiated quotes were substantially higher bringing them back close to the market average.
“The star of the day was again reserved for cull sows, where quotes increased 10p on the back of improved continental markets.”
Prices in Europe were stronger all round with Spain adding another 7 eurocents on the back of improved exports, and Germany adding 9 eurocents, as their slaughter pig backlog diminished. Price quotes in sterling were enhanced by a stronger Euro that ended the week up 0.54p at 87.05p.
Supplies of weaner all classes tightened, but demand remained stifled by the slaughter backlog.
by Alistair Driver / Pig World
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