Lacklustre demand continues to hold back pork market
Weak demand continues to put a brake on the pork market, despite tightening supplies, according to Thames Valley Cambac.
“While the calendar noted a change in season and historically better trade for pig meat, demand remained lacklustre at best. It is hoped improvements will be seen when schools go back,” TVC said in its latest market update.
“Supplies were still tight and slaughter weights on the low side, with growth rates having been affected by the recent hot weather.”
Prices were a touch stronger on the back of market fundamentals, but processor contributions stood on, while the fresh meat trade was little changed, although import pressure eased on the back of improved continental prices.
Cull sow prices were 5p stronger on the back of better continental trade and favourable currency, as European markets generally stood on, while prices in sterling were enhanced by a stronger Euro that ended the week up 1.02p at 86.48p.
by Alistair Driver / Pig World
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