TRAFFIC LIGHTS BASE
(EVERY THURSDAY EVENING)
August 9, 2018
August 13, 2018
Supply continued to be tight with many producers down in weight on the back of recent poor growth rates. Hopefully, a cooler spell of weather will spark an improvement in appetites.
Demand was steady, although one or two of the majors were keener for supplies than of late. Prices were similar, with only one major reducing its contract contribution by 1p.
The fresh meat market was a touch livelier in places and prices stood-on. The cull sow market was the star of the week with prices up 7p on the back of dramatic prices rises in Germany.
The increase in Europe was the result of a shortage in supply against particularly strong summer demand. The German market saw a rise of 8 eurocents, and its close neighbour Belgium followed suit.
All quotes in sterling were further enhanced by a stronger euro which ended the week up 0.62p at 89.67p.
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 AUGUST 9, 2018
EUROPEAN AVERAGE PIG PRICE
European average pig
Above and below: the European Union average pig price just about hold its own in Week 31.
BRITISH PIG PRICES
The independent British pig industry news and price reporting site
Compiled by Digby Scott