EU Pig Prices: Unsettled After Unexpected Price Fall in Germany
29.04.2015
At present, the European pig slaughter market appears in a strongly unsettled way.
This confusion was triggered by last Wednesday’s unexpected decline in the German pig slaughter quotations.
Obviously, the German slaughter companies were unable to cope with the price level achieved (a corrected 1.45 euros per kg slaughter weight). So, attributing it to a weak meat business on the domestic and foreign markets, they started to increase pressure by reducing quantities.
Some EU member countries could not elude the unsettledness after the price decrease. This, above all, goes for the countries neighbouring Germany.
Both the Netherlands and Belgium followed the German quotation. The market was also exerted pressure on in Austria. The weak Italian ham market attracts special interest in
this respect.
The market situation remains on a steady level in Spain, France and in Denmark.
In view of good exports toward Asia, the Spanish are quite relaxed. But they as well recognize how much both the meat market and the price level in northern Europe depend on the weather as well as on how much barbecue meat is bought.
Trend for the German market: After the unexpected fall in prices, the situation remains unsettled. Given the public holiday to come at the end of the week, pigs for slaughter are difficult to place at short notice.
From the marketers’ point of view, the situation is expected to get back to normal swiftly next week.
More details about prices look here
PigUA.info adapted from thepigsite.com
