Strikes by factory workers in Denmark before Christmas caused a backlog of pigs awaiting slaughter, resulting in a glut of loins on the market in the new year. This has subsequently depressed bacon prices as suppliers, who do not normally supply bacon, cure surplus product and sell it off at a discount. The Dutch said volumes remained healthy, but there was little margin to be had. The Danes said their prices might rise and producers expected Japan to lift temporary trade barriers to pigmeat imports.

Topics