Pork supplies remain tight, as Europe gives UK pig market impetus
Rising European pig prices continue to support the UK pig price at a time when domestic supplies are tightening.
The late summer Bank holiday caused some disruption with factory closures, but supplies remained on the tight side with slaughter weights well under control, Thames Valley Cambac said in its latest market report.
“Prices improved with some Q quotes now breaching the £2 mark – still well below costs of production, but another milestone reached with little fanfare,” it said.
Tight supplies in Europe fuelled further price rises in most markets, and prices in sterling were further enhanced by a stronger Euro that ended the week up 0.52p at 85.46p.
“The market will hopefully be given added impetus by the news from Germany that prices increased another 5 eurocents making 20 eurocents up in three weeks,” TVC added.
“The fresh meat trade was little changed, although some saw decent barbecue demand. Cull sow supplies were tighter than of late and prices reacted to the improved continental trade adding another 7p.”
by Alistair Driver / Pig World
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