SPOT AND contract pig prices have stayed at very similar levels in the w/c August 8, while the DAPP has held up well at 106.01p/kg.
The main feature of recent prices has been the remarkable firmness of the DAPP at a time of year when prices are normally on the slide.
A general shortage of numbers throughout the UK and in the EU has kept pigmeat values at relatively firm levels and paints a good picture for sellers this autumn.
Most spot bacon quotes are in the 106–109p/kg range, with cutters generally traded between 109–113p/kg.
The improving value of the euro, which opened on Mon at 69.2p compared with 66.4p a year ago, is also helping to maintain domestic pigmeat prices.
Cull sow demand has also remained exceptionally firm with quotes in the 74–76p/kg range, compared with 70–72p/kg last August.
A shortage of pigs is helping to hold weaner quotes firm with the Meat and Livestock Commission ex farm 30kg average of £34.97 – up £3.40 on the year.
Although UK pig breeders have still got a long way to go to claw back massive losses suffered since 1998, firm prices this autumn would be a step in the right direction.