Pig prices inch up despite weaker euro
24 May 2006UK - Spot and contract quotes for slaughter pig supplies for the week commencing 22 May are tending firmer.
The latest Deadweight Adjusted Pig Price has moved up to 101.32p and as a result contract base prices linked to the DAPP have also risen.
Spot bacon quotes are also on the rise with buyers bidding between 104–107p/kg and lighter weight cutters worth a premium of 4–7p above this.
Cull sow prices have slipped from recent levels but have now stabilised.
Export buyers are quoting in the 75–79p/kg region, but with numbers tight some abattoirs are prepared to pay an additional premium to fulfil export orders.
Recent falls in the value of the euro have not helped the cull sow trade and are also making pigmeat imports cheaper. The currency opened at 68.0p on Monday, 22 May compared with 68.7p a year ago.
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Source: FWi
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