EU pig prices: general drop in prices — markets under pressure

All across the continent and almost without exception, the European pigs-mature-for-slaughter markets are presenting decreasing pigs-for-slaughter prices. For seasonal reasons, the European quantities of pigs for slaughter on offer have been increasing week by week most recently, while pork trade continues running at a more leisurely pace. Complaints are heard from the slaughter companies about sluggish domestic demand and a hesitant export business.

As a result, the quotations are going down on a broad front. The price decreases range from a corrected 3.5 cents quoted in France to 10 cents observed in the Netherlands. Because of the severe downward correction in the Netherlands, the Dutch now rank last, even behind France, in the European price structure of those five member countries that are most important in pig keeping. The German quotation is in line now with Denmark, with just a very small difference between them.

Even after the latest price decrease by a corrected 6 cents, the Spanish quotation keeps leading the list with its 1.77 euros. Most recently, the quantities on offer were caused to back up by a public holiday in Catalonia. The drop in quotations is being balanced in Great Britain by the currency fluctuations on calculation to the ISN standard.

Trend for the German market:

After the latest decrease of quotations, the market participants continue to be strongly uncertain. The quantities of live animals on offer remain extensive but cannot be sold at short notice for the most part. From today’s point of view, the quotation withstanding the pressure seems at least unlikely.

More details about prices look here