TRAFFIC LIGHTS BASE
(EVERY THURSDAY EVENING)
May 24, 2018
MONDAY MAY 21, 2018
Fresh meat market clamours for more bank holiday pork
Supply continued to be extremely tight with many producers scraping around to find sufficient to cover commitments.
Demand was very good although a couple of processors chose to instigate a short week in advance of the bank holiday. Prices improved through the upward movement of SPP, but all contract contributions stood on.
The fresh meat market was in buoyant mood, desperate to source a good number of cutters possibly in anticipation of decent barbecue trade for the forthcoming bank holiday. Prices generally improved by a couple of pence.
The cull sow market saw decent demand leading to a strong stand on price-wise.
In Europe, the impasse between processors and producers in Germany finally gave way, and prices improved 5 eurocents. This was mirrored by Belgium, which tracks very closely to the German market.
All quotes in sterling were tempered however by a weaker euro, which ended the week down 0.68p at 87.32p.
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 MAY 24, 2018
Better late than
Thursday May 24, 2018
Above: European Union average pig price in Week 20, 2018.
In Week 20 we saw the European Union average pig price starting to recover from its recent falls. There are more increases to come, but they will be very modest, we think.
BRITISH PIG PRICES
The independent British pig industry news and price reporting site
Compiled by Digby Scott