TRAFFIC LIGHTS BASE
(EVERY THURSDAY EVENING)
March 15, 2018
SUNDAY MARCH 18, 2018
Most factories have got back on track, but a couple of reliability issues caused some pigs to be rolled into this trading week.
Some processors increased their contract contributions, and most were prepared to take extra pigs at contract price over and above their core commitments.
Supply was fairly steady, with many producers commenting on recent poor growth. This was backed up by the general trend we saw with lower average weights.
The fresh meat market was livelier than of late with decent demand seen from most outlets. The cull sow market continued to slide however, in response to poorer continental trade, with prices generally 2p lower.
In Europe, price corrections continued with both Germany and Belgium down 4 eurocents, and price quotes in sterling were further compromised by a weaker euro that ended the week down 0.64p at 88.25p.
Finally, a reminder to producers that participation in the Electronic Medicines Book is now a Red Tractor requirement and will be checked in future audits. A non-conformances will have a two-week week rectification time limit.
WEEKLY TRADING REPORTS
Thames Valley Cambac
ABOUT TRAFFIC LIGHTS
Traffic Lights is available to British pig producers on Thursday nights, advising next day's spot price sentiment. Traffic Lights is available on this website and (for the time being) on Twitter. The Traffic Lights spot base provides sellers who have one-off loads of spot pigs (as opposed to regular weekly supplies) with a realistic minimum base price. In many cases it should be possible to achieve premiums over base. During periods of oversupply the Traffic Lights price will be well below contract levels but the reverse applies when pigs are short, when spot base will be well above contract rates.
TRAFFIC LIGHTS SPOT VERSUS CONTRACT
Updated MARCH 15, 2018
Wednesday March 14, 2018
Above: European Union average pig price in Week 10, 2018.
In Week 10 we see the European Union average pig price pause for breath. Fair enough.
BRITISH PIG PRICES
The independent British pig industry news and price reporting site
The Traffic Lights website is compiled by Digby Scott
(The above message is in compliance with yet another ill-conceived, unenforceable European Union regulation)