EU Pig Prices: No Change in the Situation — Quotations Stabilised
16.01.2015
Last week, the European pig slaughter market appeared steady, not showing any fundamental changes.
Many quotations moved on the levels achieved. The German quotation, being able to withstand the pressure on the supply side, encouraged the other countries’ pricing. The Belgian, Dutch and Austrian quotations also moved sideward.
The live pigs’ quantities on offer are still extensive. The backlog supply which developed over the seasonal holiday period could not yet be sold completely. Initial impulse is reported on from the meat market. French and Spanish producers have to cope with slight price decreases.
Given a corrected four cents, the Danish price decrease is slightly larger, making Denmark skid down to rank three in the European pricing structure, right behind France.
Despite a price increase to a corrected €1.604 per kg slaughter weight, the British producers are also far from a satisfactory situation.
Trend for the German market: This third calendar week, the quantities of live pigs on offer are still a price determining factor. They are still extensive, and the sales efforts continue to be intensive.
The market participants are currently zooming in on how exports to third countries are developing. All in all, the quotation is expected to maintain last week’s level.
