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Spring brings increased demand for pigmeat

by 5m Editor
13 March 2007, at 12:37pm

UK - With the approach of Spring, demand for pigmeat improved and spot quotes for week commencing 12 March moved up accordingly.

Spot traders were bidding between 106 – 110p for bacon, but contract prices remained very much in line with the Deadweight Adjusted Pig Price which was almost unmoved at 104.46p.

Cheap imports continued to threaten the domestic pig market with the European “Big Six” producer average at just 84.39p, but for heavier carcass weights with lower bottom-line deductions.

UK cull sow prices reflected the relative negativity of EU pigmeat prices and moved sharply downwards in all UK markets for supplies week commencing 12th March.

This is due to reports of a recent classical swine fever outbreak in Bulgaria and less manufacturing grade pigmeat entering the Russian market because of associated pig health fears.

As a result sow quotes lost anywhere between 4 – 6p according to region and specification.

Source: Fwi

5m Editor