EU Pig Prices: German Slaughter Industry Prevents Price Increase18 June 2013
EU - At the beginning of the new week of slaughter, the European slaughter pig market is on an upswing.
While supply is limited, demand seems to be relatively high, thanks to the summer temperatures.
Spain and France are getting ready for the holiday season. The slaughter pig prices are shooting up by a corrected 5 to 6 cents.
In Denmark, Spain, Austria and Great Britain the prices went up as well. By the most recent price increase, Spain passed the magical border of 1.80 euros, thus taking the lead among the five major pig-keeping EU countries with its corrected 1.842 euros per kg slaughter weight.
Against both the trend and the current market situation and contrary to expectations, Germany distinguishes itself.
After the Toennies slaughter company had threatened to fix discounted prices, the German quotation remains level. With its corrected €1.626 per kg slaughter weight, Germany is just marginally ahead of the corrected Danish price level.
The Dutch quotation seems similar to the German price quotation, still bearing the red light in the five major pig-keeping countries’ price structure.
Trend for the German market: Slaughter pigs are being sought by both the marketeers and slaughter companies even at the beginning of this calendar week. Virtually, further deliveries are immediately possible. Yet, the disappointment continues to prevail about the price increase which has been missed.
|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)