Pig shortage could boost Xmas values

Stable EU mainland pig prices were reflected by UK spot quotes for pig supplies in the week commencing 14th November.

Spot bacon was quoted within a 102–105p/kg range according to spec, with reports of better demand for lighter weights worth a premium of 4–6p/kg.

Although the GB Euro Deadweight Adjusted Pig Price eased slightly to 101.42p, most contract base prices have remained almost unaltered.

Signs are emerging of a slight undersupply of pigs in the run up to Christmas which may help to improve spot quotes over the next four key trading weeks, especially for lighter weights.

On the downside, the value of the euro keeps slipping and opened on Monday at 67.2p, which is making imports more competitive.

The cull sow market is also reflecting generally stable pigmeat prices throughout the EU with most buyers prepared to lift their bids by 1–2p/kg to fill their orders.

Cull sow quotes are now in a fairly universal 75–78p/kg range according to weight and specification.

Unfortunately weaner producers are still struggling with the latest Meat and Livestock Commission 30kg ex farm quote easing again to £33.57/head.

Weaner prices are unlikely to recover from current levels until the New Year unless forecasts for better finished pig demand in the spring are confirmed.