The climb-down of UK prices continues at steady pace, both at the abattoir gates and on traders’ pricelists. The main problem remains the lack of demand due in part to the seasonal ebb, but also to the negative repercussions of the competition. US prices have stabilised over the past week, but large volumes have changed hands in recent weeks, flooding markets traditionally in the domain of other suppliers, such as the U.K. One case in point is Italy, where recent numbers from the USDA confirmed such a scenario. This has left U.K. traders with no option but to try to catch up with the developments.

Sauer report subscribers click here to read more and view the latest raw materials prices.