EU Pig Prices: Quotations Go Down03 July 2013
EU - At the beginning of the new week of slaughter, the European slaughter pig market appears to be torn up. While the quotations in southern Europe continue the price increase, Germany has raised a disturbance, causing confusion in the European price structure.
The discounted prices charged by German slaughter companies exert strong pressure on the market. Therefore, the German quotation went down a little, although the market situation is well-balanced. The German price decrease is responded to with a lack of understanding by both Germany and the European surroundings.
Pig prices in the Netherlands have also been agitated, with the markdown being by a corrected 4.7 cents higher than in Germany after slaughter companies’ discounted prices were published.
Producer prices continue to stay stable in Denmark, Belgium, Austria and Ireland. This way, Germany and Denmark prove to be at dead level within the five major pig-keeping EU countries’ price structure, with their corrected 1.646 and 1.643 euros per kg slaughter weight.
After the latest price increase for slaughter pigs, Spain widens the gap towards France, where the quotation went up, but only very slightly. Spain and France still spearhead the ranking.
Trend for the German market: From all over the EU, considerably substandard numbers of slaughter are being reported. The quantities of slaughter pigs on offer in Germany are completely bought up by marketeers at the beginning of the new week of slaughter. The discounted prices charged by some slaughter companies have strongly unsettled the market. Panic selling - which is often done by the pig feeders in market situations like these - has not been observed this time. This indicates very limited quantities of live pigs on offer.
|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)