TRAFFIC LIGHTS BASE
(EVERY THURSDAY EVENING)
May 17, 2018
MONDAY MAY 13, 2018
The unseasonably warm bank holiday helped processors clear stocks, with very good pull-through from retailers. This led to very good demand from most processors for this trading week.
Supply remained extremely tight with many producers still being affected by winter PRRS issues. Contract prices improved again, with SPP seeing the largest week-on-week rise since last July. Added to this, some contract contributions increased again.
The fresh meat market saw better demand, helped by the popularity of anything that would barbecue. Prices improved a penny or two in most outlets.
The cull sow market was a welcome stand-on, with supplies a touch tighter than of late.
In Europe, most markets were generally static, putting a brake on recent price pressure.
Quotes when converted to sterling were a touch less due a weaker euro, which ended the week down 0.23p at 88p exactly.
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 MAY 17, 2018
Thursday May 17, 2018
Above: European Union average pig price in Week 19, 2018.
In Week 19 we saw the European Union average pig price dropping further. But there are signs it could stabilise in a week or two.
BRITISH PIG PRICES
The independent British pig industry news and price reporting site
Compiled by Digby Scott