TRAFFIC LIGHTS BASE
(EVERY THURSDAY EVENING)
March 21, 2019
March 24, 2019
Major problems at one processor caused many hundreds of pigs rolled out of this trading week, meaning space was at a premium in certain plants early in the week.
Demand was still relatively steady with little spark from any of the outlets. Anecdotal evidence suggests that many processors anticipated Brexit by stockpiling product in cold stores, so they had buffer stocks in case of disruption.
These stocks are now said to be heavily subduing demand, while a Brexit date has been kicked down the road again. All contract price contributions stood-on.
The fresh meat market remained very quiet, with little interest shown.
The cull sow market continued to improve, with a substantial 5p lift on the back of better continental demand, and more favourable currency.
European markets surged ahead on the back of better domestic and export demand. The influential German market was up 7 eurocents, influencing its near neighbours to follow suit.
Price quotes in sterling were further enhanced by a stronger euro that ended the week up 0.48p at 85.89p
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 MARCH 21, 2018
EUROPEAN AVERAGE PIG PRICE
Week 11, 2019.
BRITISH PIG PRICES