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TRAFFIC LIGHTS BASE

(EVERY THURSDAY EVENING)

              July 19, 2018
Traffic

TVC COMMENTARY

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Processors drop
prices as demand
remains lacklustre

July 15, 2018

The market maintains its lacklustre feel. Pig numbers available for market are below what's expected but this still doesn't create demand for pigs as some processors are extremely relaxed about being short of their contracted numbers.

Processors that operate a pricing methodology with an element of their own input reduced this element between 1p and 2p which reduced Q-prices by about 0.5p. This is against a slight increase of 0.16p in the SPP to 150.47p.

However the Tribune reflected more of the market sentiment with a 0.29p decline to 150.40p again mirroring the European drop of 0.30p to 122.35p. This 28p gap is also part of the reason British demand for pigs is somewhat depressed, as imported product is that much cheaper.

Spain was the only market in Europe that saw any increase, but it was minimal and very much down to seasonality whilst the Danes depressingly dropped below 100p a kilo for the first time since May 2016.

The sow market basically stood-on as did the exchange rate but this was against the background of reports that a few more sows across Europe were coming forward which is hardly surprising given the returns the retruns they've been facing.

Feed prices are currently well above average although the cereals market did experienced some relief through this last week and as the combines start to move this might offer some buying opportunities in the short term.

WEEKLY TRADING REPORTS

Peter Chrichton
Updated Friday evenings

Thames Valley Cambac
Udated Mondays

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 JuLY 19, 2018

Prices

APP British All Pig Price is a voluntary weekly survey of prices, including quality premiums, reported by pig producers. SPP British Standard Pig Price is a voluntary weekly survey of prices paid by pig abattoirs for standard non-premium pigs. TL SPOT Traffic Lights Spottlspot.co.uk — provides sellers with a realistic minimum base price for one-off loads of spot pigs.


EUROPEAN AVERAGE PIG PRICE

European average pig price
continues to edge upward

Prices

Above and below: the European Union average pig price continued upward in Week 28, despite those fairly dismal German and Danish prices.

Prices

BRITISH PIG PRICES


tlspot.co.uk
2018 BRITISH HEADLINE PRICES
▼ SPOT PRICE ▼ PRICES COMPILED BY AHDB
tlspot.co.uk
Traffic Lights base

Week

APP

SPP
††
July 19 145      
July 12 148 July 14   150.47
July 5 150 July 7 153.16 150.47
June 28 150 June 30 153.07 150.31
June 21 153 June 23 152.87 150.03
June 14 154 June 16 152.91 150.07
June 7 156 June 9 152.43 149.35
May 31 155 June 2 152.28 149.37
May 24 153 May 26 150.97 148.17
May 17 152 May 19 150.68 147.94
May 10 150 May 12 150.13 147.21
May 3 145 May 5 149.64 146.62
April 26 143 April 28 148.76 145.82
April 19 143 April 21 148.37 145.27
April 12 142 April 14 148.42 145.16
April 5 142 April 7 147.91 144.88
March 29 141 March 31 148.29 145.85
March 22 140 March 24 148.63 145.37
March 15 140 March 17 148.33 145.34
March 8 138 March 10 148.87 145.71
March 1 138 March 3 148.58 145.66
Feb 22 133 Feb 24 148.75 145.66
Feb 15 130 Feb 17 149.02 146.07
Feb 8 134 Feb 10 149.21 145.92
Feb 1 130 Feb 3 149.89 146.80
Jan 25 130 Jan 27 150.30 146.83
Jan 18 130 Jan 20 151 148.25
Jan 11 136 Jan 13 151.37 148.22
Jan 4 136 Jan 6 152.67 149.65
Dec 28 138 Dec 30 153.31 149.78
Price archive       

The independent British pig industry news and price reporting site

Compiled by Digby Scott