Pig prices remain under pressure

GB CONTRACT and spot pig prices for delivery this week (commencing Mon, Aug 9) continue to come under pressure.

The Deadweight Adjusted Pig Price (DAPP) lost further ground in the week ending July 31, to 106.2p/kg.

Spot prices have also eased, with bacon traded at 90-95p/kg, reflecting weak wholesale demand as cheap imports continue to undercut the market.

However, better barbeque demand is giving lighter pigs a slight edge, with porkers and cutters trading at a 5-10p premium over bacon.

UK legs and loins remain particularly hard to shift.

Traders hope that once the holiday period has drawn to a close, domestic demand will improve. 

Signs of relatively firm EU manufacturing pigmeat prices are supported by a ready enquiry from UK export abattoirs for cull sows.

Culls are currently quoted at 75-78p/kg compared with 52-56p a year ago.

Weaner values continue to be affected by indifferent finished pig returns, with the Meat and Livestock Commission 30kg average losing further ground to stand at £31.64p/head ex-farm.