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EU pig prices: Market stability achieved through private storage?
EU - As a result of the quantities of pigs on offer, the European pig market continues to be exerted pressure on; thus, the slaughter companies are hardly able to clear the market.Therefore, almost all European quotations fall again this week. Apart from Germany’s quotation, prices in Spain, Denmark, Austria, Belgium, Great Britain, France and the Netherlands go on falling. Sweden alone shows the opposite trend, reporting price increases.
Sweden’s rate of self-sufficiency has gone down considerably over the past years. Since access to the Swedish market has been made much more difficult at the same time, prices there may now be uncoupled from the European trend.
Trend: Even if supply is expected to continue to be quite substantial, private storage will be suitable enough to temporarily relieve the market over the next weeks. After private storage came about, market fireworks erupted in Hanover's slaughter pig futures market. Against this background, the price level is anticipated to stabilise now.
Source: Schweine.net
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