TRAFFIC LIGHTS BASE
(EVERY THURSDAY EVENING)
November 8, 2018
November 11, 2018
Demand from the majors remained subdued with most sticking to strict contract numbers. As mentioned before, poor market conditions at this time of year are worrying as there should be a drive to put down extra product for Christmas.
Factory reliability was shoddy at times but most challenges were conquered. However this still meant a not insignificant number of pigs being rolled into this trading week.
All contract contributions stood-on, but SPP was down nearly a penny. The fresh meat market continued in the doldrums with many wholesalers commenting on the continued pressure of cheap imports.
The cull sow market eased back a penny due to currency.
A touch of stability returned to the European markets, with all the quoted countries generally standing-on pricewise. All prices in sterling were tempered however by a weaker euro that ended the week down 0.82p at 87.05p.
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. 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.
PIG PRICE BAROMETER
Updated November 8, 2018
EUROPEAN AVERAGE PIG PRICE
The rot has set in
Week 44 — Too much pork about. European average pig price still heading south.
BRITISH PIG PRICES
The independent British pig industry news and price reporting site, compiled by Digby Scott and Peter Crichton