Heat bolsters pig values

SPOT BACON prices remained firm despite the bank holiday, while the DAPP slipped as forecast from106p to 105.79p against the trend.

Spot pigs remain in short supply with a number of buyers electing to hold their prices at positive “stand on” levels rather than chase dwindling numbers.

EU prices have remained relatively firm, but any further widening of the gap between the UK and Europe will lead to an increase in the flow of imports.

Spot traders were paying 110–113p/kg for deliveries (w/c May 30), with some exceptions at either end of the scale.

Lighter cutters are making 113–116p/kg and pork weights touching 120p.

Good weather over the holiday weekend has stimulated barbeque demand and rising temperatures are much more of an ally to the pig industry than they were twenty years ago.

The relative stability of the euro, which started the week at 68.6p, is also helping to stop imports undercutting domestic market any further.

Sow prices continue their steady climb and though they are nowhere near the dizzy heights of 90p in April, they have recovered from the 60p region.

Most buyers were prepared to offer circa 70p for week commencing May 30.

Weaners remain in short supply and the latest Meat and Livestock Commission 30kg average of £35.33/head ex-farm is probably £2-£4 behind the spot market.