TRAFFIC LIGHTS BASE
(EVERY THURSDAY EVENING)
October 11, 2018
October 14, 2018
The factory gremlins continued this week with numerous severe breakdowns and district-wide power outages conspiring to make for a challenging week.
As mentioned last week, the supply chain relies on a handful of processing plants, so any disruption at more than one in a trading week brings serious pressures to bear back down the chain.
Remedies included Saturday kills but haulage was at a premium, so numerous hundreds were again rolled into this trading week.
Demand remained sluggish for this time of year, but supplies improved a touch, again. Slaughterweights also increased indicating better growth rates on farm.
Price contributions from the majors stood-on however, giving a touch of stability to the market.
The fresh meat market continued to struggle with little upside in demand, and prices generally eased a penny or so.
The cull sow market fell 3p on the back of poorer continental demand. European markets were weaker with Germany down 4 eurocents. All quotes in sterling were further eroded by a weaker euro that ended the week down 0.52p at 87.64p.
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 OCTOBER 18, 2018
EUROPEAN AVERAGE PIG PRICE
Week 40 — The European Union average pig price is still falling, and has further to go yet. Some continental producers are already in loss-making territory.
BRITISH PIG PRICES
The independent British pig industry news and price reporting site, compiled by Digby Scott and Peter Crichton