As the year draws to a close pig contract prices held firm in the week ended 9 December, writes FW commentator Peter Crichton.
Prices for the leading processors were as follows:
• Gills: 148p/kg
• Woodheads: 148p/kg
• Tulip: 146p/kg
• Cranswick: 144p/kg
• Vion: 144p/kg
Although the Deadweight Adjusted Pig Price put on another 0.33p to stand at 147.84p/kg, spot prices were generally in retreat with only a four day slaughtering week ahead and the same between Christmas and the New Year.
Spot quotes were anywhere between 2-6p down on last week within a fairly wide 144-150p/kg range, but processors also reported underlying weak demand for legs in the retail sector.
Cull sow prices have also reflected the upcoming European mainland holiday period as well as a relatively weak euro, which traded on Friday (16 December) worth 84p.
As a result most cull sow quotes slipped by 2-4p with export abattoir quotes generally between 112-116p/kg according to region and specification.
The weaner market on the other hand continues to improve helped by lower cereal prices and a better outlook for finished prices next spring.