EU Pig Prices: Slaughter Pig Market Proves Steady12 March 2013
EU - The beginning of this week appears to show steadiness throughout the European slaughter pig market.
Majority of quotations seem to remain constant. The markets have been quiet and steady. Exports to third world countries are also presently going smoothly.
Germany and the scandal revolving around the discovery of aflotoxins in feedtuffs seem to be abuzz. However, over the last few days, the situation has calmed down. The German meat market has, therefore, begun to recover. The Austrians are capitalising on the situation, laying emphasis on domestic fresh meat.
Spain remains the market leader, still continuing the upward trend. The Spanish quotation notes a slight plus. The weights of Spanish pigs for slaughter went down again by as much as 400 grams last week, thus reaching the lowest point in 5 years. Demand for Spanish hogs has calmed down.
In France, there have been complaints about weak demand for meat resulting from low domestic consumption, although prices have been rising.
Danish price quotations have gone down by a corrected 2.7 cents after resisting price fluctuations.
Trend for the German market: Currently, the slaughter pig market is characterised by stability. The extensive quantities on offer meet exceptionally brisk buying interest on the part of slaughter companies. The situation is expected to remain steady.
|Prices in Euros (€)|
1corrected quotation: The official Quotations of the different countries are corrected, so that each quotation has the same base (conditions).
base: 56 per cent lean meat; farm-gate-price; 79 per cent killing out percentage, without value-added-tax (VAT)