EU Pig Prices: Downward Price Spiral — Stabilisation recognizable
27.09.2017
Most recently, the price spiral has continued to turn downward on the European pigs-mature-for-slaughter market. All quotations have gone noticeably down. Across the borders, the markets are well supplied. Pigs for slaughter are available in suitable quantities, while the meat market is weakening and exports are stagnating. Hence, little may be opposed to the slaughter companies’ demand.
The price decreases range from a corrected 2.4 cents quoted in Great Britain to 5.9 cents observed in Spain. Despite clear price corrections and at a corrected price level of 1.71 euros per kg slaughter weight, Spain still maintains its top rank within the price structure of the five EU member countries most significant in pig keeping.
In Germany as well, the most recent price decrease must be attributed to further increased quantities of live pigs on offer with slaughter weights increasing at the same time. The same is reported by market participants from other countries. They all share the hope of European pork exporters getting back to being competitive again on a global level after the latest price decreases.
Trend for the German market:
Still, the quantities on offer on the local live-animals’ markets are extensive, and the slaughter belts are running at full capacity. At the beginning of the week, the mood continues to point towards stabilisation on the pigs-mature-for-slaughter markets.
schweine.net
