TRAFFIC LIGHTS BASE
(EVERY THURSDAY EVENING)
November 16, 2017
Monday November 19, 2017
Despite a few reliability issues, we ended the week, in the main, all square. The Brechin plant in Scotland reopened, which helped producers north of the border, and took some pressure away from the northern English plants.
Supply remained high, with bigger pigs plentiful from most producers, reports marketing group Thames Valley Cambac.
Contract contributions generally steadied, but there were exceptions.
Some processors increased kills by pulling forward Christmas pigs, but volumes were minimal.
There was very little spot trade as most majors concentrated on taking contracted pigs, leaving little space for extras.
The fresh meat trade remained in the doldrums, and was challenged by an increase in imported product.
There was a large entry of cull sows but this failed to dampen the market and prices stood-on.
In European markets, Ireland fell 5 eurocents, bringing it closer in line to its continental neighbours.
However, quotes in sterling were enhanced as the euro strengthened to end the week up 1.01p at 89.38p.
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 November 16, 2017
Do we spy the merest hint of some modest Christmas cheer?
Wednesday November 15, 2017
Above: European Union average pig price in Week 45.
We think the European Union average pig price may be about to stabilise, just for the few weeks before Christmas. But we wouldn't bet actual money on it. Week 45 data, released today by Brussels, shows a more gentle decline. But even if the price does stabilise now (if), the likelihood is January and February will be pretty grim.
BRITISH PIG PRICES
The independent British pig industry news and price reporting site