Hopes for pig price slide evasion
UK TRADERS are hoping that the normal May/August price slide will not be repeated, provided that prices remain firm and demand for pig meat continues to be boosted by favourable weather and tourist traffic.
The Euro has also improved in value trading on Monday June 28 at 66.5p.
But GB pig traders reported a relatively static demand with trading on Fri June 25 generally at “stand on” levels.
The GB Euro Deadweight Adjusted Pig Price (DAPP) announced on Wed June 23 closed 39p easier to stand at 108.39p but spot baconer quotes were generally 2p/4p behind this.
The GB pig meat market has yet to feel the full effect of dearer EU prices because many major processors and importers buy on a four week forward price.
But when these imports come up for re-pricing next month much higher quotes will start to filter through which should put a firmer base in the whole market and halt any slide in domestic pig values.
The cull sow market also continues to mirror better pig meat prices in Europe with export abattoirs quoting in the 70p/kg region.
Weaner prices have yet to reflect a better outlook for finished pig prices and lower feed costs this autumn.
The Meat and Livestock Commission 30kg ex farm weaner quote now stands at £33.50/head, but is expected to improve with the approach of autumn.