November 10, 2006
EU's cold weather bites into pig supplies
UK pig prices may stage a comeback after steadily retreating for 3 months as recent cold weather cut growth rates and reduced pig supplies across many parts of the EU.
As a result GB spot prices held at similar levels for pig supplies and the GB Euro Deadweight Adjusted Pig Price has remained virtually unchanged at 108.3p compared with 101.8p a year ago.
Although spot quotes for feed wheat were lowered this week to average GBP 89.70/tonne. Still these prices are 40 percent higher than a year ago.
Most spot traders were prepared to buy baconers in the 106p region and premiums for lighter weights were also available with smaller fresh meat wholesalers offering in the 112 - 115p category.
The cull sow market is also tending to hold rather than slide with export buyers bids generally between 75 - 77p/kg.
Weaner prices remain virtually unchanged with the Meat and Livestock Commission 30kg ex farm average of GBP 33.95/head static, but rising feed costs are putting downward pressure on this sector of the market.