Prices are continuing their remarkable rally which has seen the SPP rise from 112p to 151.7p over the past 12 months or so, with further increases forecast, writes Peter Crichton in his “Traffic Lights” commentary for 31 March 2017.
News that the German producer price announced on Thursday had risen by a massive 7 Euro cents helped to keep the bulls busy in the UK pig market, with no bears to be seen and spot quotes are now in or around the 160p mark, with light pigs worth in the 170p region, but as previously, very tight numbers of spot pigs were traded, with contract supplies short across the board, and this situation has also been reflected in the European mainland pigmeat market. Read more
