February 26, 2007

Firmer prices ahead for UK pork

British pig meat spot prices have maintained recent levels with signs of slightly firmer prices ahead, despite deadweight adjusted pig prices taking a downward step to £105.72 (week ended 17 February).

Spot bacon quotes were generally between £100, with some abattoirs looking for extra numbers and prepared to pay between £101 to £103 per kilogramme.

Cheap imports, readily available on meat markets at £106p are still undercutting the UK market by up to 5 percent in value.

Reports from Europe of slightly improving pig and cull sow prices might help to take some of these very cheap pigs out of the system soon.