Pig meat price levels out
UK - The recent pig price rally has levelled out as the average deadweight price moved only marginally higher to close at 107.64p this week.The spot market also appears to have hit a plateau after rising throughout most of the summer. Spot bacon prices are up to 115p/kg and bids between 113-114p are commonplace.
The sow market is also holding firm with EU buyers reporting a lack of supplies rather than strong demand. As a result UK cull sow abattoirs were generally quoting in the 80p/kg region compared with 75 – 76p this time a year ago.
Source: FWi