Finished pig prices have continued to improve despite the two short weeks over Easter and the forthcoming Royal Wedding weekend, writes Peter Crichton.
The latest Deadweight Adjusted Pig Price (DAPP) has risen from 140.86p to 141.62p.
Weekly contract prices published by Tulip, Cranswick, Vion and Woodheads have yet to be announced, but are expected to rise by an average of 2p/kg.
The spot market is also on the rise with quotes touching the 150p region for heavy bacon and 2–4p/kg more than this available on a tighter specification and from some specialist outlets.
The relative strength of the euro, which traded on Thursday (28 April) worth 88.87p has helped to add value to cull sows destined for the export trade with delivered quotes of between 108p/kg and 112p/kg available.
The weaner market remains affected by very high feed costs, but the latest Agriculture and Horticulture Development Board (AHDB) 30kg ex-farm quote has risen slightly to £43.75/head.
The year-on-year comparison however still reveals that the latest DAPP is almost 2p/kg below its value at the end of April 2010 at a time when feed wheat was traded on an ex-farm basis of £98.70/t, compared with £201.80/t for the week ending 29 April 2011.