EU Pig Prices: Belgium and Netherlands Show Optimism
11.04.2013
EU — Owing to the trend reversal producers have been longing for, the European slaughter pig market is playing it safe this week.
No clear price increase has been observed so far, but in some countries the corrected quotations went up slightly.
The Belgian and Dutch markets appear optimistic, their prices increasing by a corrected 1.2 and 0.9 cents respectively.
Great Britain was able to take back last week’s price decrease for the most part, having its pig quotation increase by a noticeable 4.8 cents.
Germany, Denmark, Austria and Ireland, however, were not able to trigger a price increase. The Spanish quotation as well came to a halt on the level already achieved.
The German quotation acts as an indicator again. Because of the weather, scarce meat sales and calm export activities have been preventing price increases.
Trend for the German market: Temperatures are tipping the scales currently in the meat market. As announced, temperature rise as of mid-week would start off the barbecue season. In addition, market participants expect a decrease in the quantities of live pigs on offer, so the desired price increase may move closer.
