TRAFFIC LIGHTS BASE
(EVERY THURSDAY EVENING)
January 17, 2019
Price slips to
January 13, 2019
Trade this week was tempered by poor demand in all areas. The current vogue for 'Veganuary' and other meatless diets cannot be helping demand in what is generally a poor month for sales. Supply matched this poor demand however, with very few pigs remaining unsold.
Contract price contributions generally stood-on but one monthly quote was forecast to fall sharply. SPP continued its downward slide, falling 0.58p to 140.02p — a level not seen since October 2016.
The fresh meat markets were quiet, not surprising for mid-January, and prices generally eased a penny or so.
Cull sow supply volumes remained healthy and prices stood-on.
European markets continued to show stability with the influential German market standing on for the tenth consecutive week. Price quotes in sterling were enhanced slightly by a stronger euro that ended the week up 0.03p at 90.02p.
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 January 17, 2018
EUROPEAN AVERAGE PIG PRICE
No relief from
Week 2, 2019 — European prices are still nosing their way downward.
BRITISH PIG PRICES
The independent British pig industry news and price reporting site, compiled by Digby Scott and Peter Crichton