TRAFFIC LIGHTS BASE
(EVERY THURSDAY EVENING)
June 21, 2018
SUNDAY JUNE 17, 2018
Most of the majors required full contract numbers indicating a decent undercurrent of demand.
We were shocked therefore when two decided to reduce their contact price contributions. One gave the reason of realignment to the market, which was fair.
An easing of prices at this time of year is not unexpected, but with current increases in feed costs, it is an unwelcome squeeze on margins.
Supply improved slightly, but numbers remained on the tight side, with some producers still in the production period that was affected by PRRS issues.
The fresh meat market showed a touch more life in some areas on the back of some decent barbeque trade.
Cull sow prices stood-on, despite numbers being a touch shorter.
In Europe, the influential German market fell 3 eurocents due to processor pressure, and was mirrored in Belgium. The rest of the European markets were similar pricewise, but price quotes in sterling fell due to a weaker euro which ended the week down 0.45p 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 June 21, 2018
EUROPEAN AVERAGE PIG PRICE
Above and below: European Union average pig price in Week 23, 2018.
BRITISH PIG PRICES
The independent British pig industry news and price reporting site
Compiled by Digby Scott