TRAFFIC LIGHTS BASE
(EVERY THURSDAY EVENING)
January 11, 2018
Monday JANUARY 14, 2018
The market was in full January mode this week with processors sticking rigidly to contracted numbers (or fewer) and not looking for any extras.
Factory reliability in the week proceeding was poor, and this increased supply as a consequence. Normal supply improved slightly but there were still comments from producers that pig growth had slowed down due the colder weather.
Prices eased back with some contact contributions down a penny.
The fresh meat market was very quiet, as expected for this time of year, and prices fell 1p to 2p on average.
There was good competition from the cull sow exporters, and price falls were limited to 1p or so.
European markets were a sea of red with the influential German market down 3 eurocents, and its near neighbours seeing equal or greater falls.
The euro strengthened slightly against sterling, and ended the week up 0.1p at 88.98p.
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 JANUARY 17, 2018
European prices are
Thursday January 17, 2018
Above: European Union average pig price in Week 2, 2018.
The European Union average pig price is heading slowly (but implacably) towards 2016 levels. Unfortunately it's bringing the British price down with it. Roll on spring.
BRITISH PIG PRICES
The independent British pig industry news and price reporting site
The Traffic Lights website is compiled by Digby Scott
(The above message is in compliance with yet another ill-conceived, unenforceable European Union regulation)