Apart from a small improvement in the Deadweight Adjusted Pig Price which rose by 0.52p to 147.25p/kg in week ended 18 November, prices have otherwise remained at almost identical levels, writes Farmers Weekly commentator Peter Crichton.
All of the major contract price operators left their quotes unchanged as follows:
• Gills: 148p/kg
• Woodheads: 148p/kg
• Tulip: 146p/kg
• Cranswick: 145p/kg
• Vion: 145p/kg
Spot bacon prices have also remained on a plateau with most quotes between 147-150p/kg, although some of the smaller fresh meat wholesalers were reporting poor retail demand was affecting their sales and as a result some were cutting back on their throughput.
After several weeks of financial turmoil in the Eurozone last week the euro closed almost unchanged at 85.63p on Friday (18 November) and as a result cull sow quotes remained at positive stand on levels across the board with prices ranging between 116p/kg and 120p/kg according to region and specification.
The weaner market is also showing something of a recovery with the latest Agricultural and Horticulture Development Board 30kg ex-farm weaner average rising to £42.10/head and reports of spot trades at £2-4 ahead of this, especially for Freedom Food weaners.
Further falls in grain prices are also helping to improve pig producers’ margins with ex-farm feed wheat now quoted at £142/t compared with £190/t at the start of the year and forward prices on the LIFFE futures exchange are also indicating lower values in the months ahead.