By Peter Crichton
DOMESTIC pig prices are reflecting the usual slack demand during the holiday period – and producers are still smarting from last Fridays late move to pull back most contract prices by between 2 and 3.5p.
Many sellers felt that the market could have continued at “stand on” levels and there was no need for Malton, Avonmore, Dalehead and Grampian to almost act as one to improve their margins at the producers expense.
This negative pull on the market and the follow-on of lower spot prices has been reflected in a slight fall in the UK AESA to 85.73p/kg for the week ending 31 July.
Spot traders are also operating at 2p- 4p down on the week, whereas most of the larger contract buyers have decided against further reductions after last weeks drop and have held at similar levels.
Dalehead ise in fact 1p firmer but, after the drop last Friday, this is still an overall step in the wrong direction.
Weaner quotes have yet to benefit from recent MLC forecasts of better finished-pig prices late on in 1999, and the 30kg spot quote shed another 48p and is now £24.92/head.
- Peter Crichton is a Suffolk-based pig farmer offering independent valuation and consultancy services to the UK pig industry