TRAFFIC LIGHTS BASE
(EVERY THURSDAY EVENING)
December 6, 2018
Lack of Christmas
December 9, 2018
It was another poor week for factory efficiency, with numerous issues causing downtime. This caused a good number of pigs to be rolled into this trading week.
Most processors accepted on or around their contract commitment, but there was little sign of any festive improvement in demand.
Prices eased again, with some contract contributions down a penny. With only ten slaughter days left pre-Christmas, there has been insufficient volume pulled forward, and we will go into the New Year with an excess of heavy pigs.
The fresh meat market failed to pick up after last week's malaise, with more than one outlet commenting that demand showed little improvement — a worry this close to Christmas.
The cull sow market saw good numbers entered, and prices stood-on.
In Europe, Denmark and France saw better trade — up 3 and 1.5 eurocents respectively, and sterling ended the week very similar with the euro at 87.08p.
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 DECEMBER 6, 2018
EUROPEAN AVERAGE PIG PRICE
Week 48 — The European Union average pig price continued to stand-on, by its fingernails, in Week 48, still too tempting to British retailers wanting to make a quick Christmas killing with bog-standard lines.
BRITISH PIG PRICES
The independent British pig industry news and price reporting site, compiled by Digby Scott and Peter Crichton