EU Pig Prices: Quotations Increasing in the European Market11 June 2013
EU - Quotations for slaughter pigs are on the rise all over the European market.
After the slaughter pig price showed a tentative upward trend in many countries last week, German slaughter companies were upset by the price increase.
Both sunshine and warmer temperatures are now triggering the impulse needed in meat sales, thus causing the demand for live pigs to exceed the available supply.
The leading German quotation went up by 8 cents, signalling decisively for other European countries. Given this clear price increase (which is the highest recorded this calendar year), Germany takes the lead within the European price structure, now ranking third - ahead of Denmark and behind France.
Spain still remains at the top of the list, with its corrected price level of 1.792 euros per kg slaughter weight.
Ireland alone distances itself, giving an unchanged price.
Trend for the German market: The mood is predicted to be friendly on the German slaughter pig market. Since the marketeers pulled forward many batches last week, giving a price confirmation for the new quotation, the supply situation stays scarce. The weather situation is steady; the demand for live pigs remains unbroken on the part of the slaughter companies. Further price increases are expected to occur.
|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)