EU Pig Prices: Low Quantities Boosting Prices20 August 2013
EU - Scarcity continues to dominate the European slaughter pig markets.
At the start of this week, the quantity of slaughter pigs appears to be insufficient. Last week's missing day of slaughter has not changed the figures.
Record lows were even reached in Austria, where average slaughter weights were close to 94 kg. As a result, quotations went up significantly in majority of the EU member states.
The German quotation normally takes the lead with its corrected 5 cents’ plus, followed by the Netherlands, Belgium, Austria and Italy.
The Danish quotation also went up after two weeks of steady prices.
A slight plus was recorded in the French slaughter pig quotation. Due to this, the French and the Germans have both been placed in the second position within the five major EU pig producers' price structure after the clear price increase observed in Germany.
Prices are reported to remain unchanged in Spain and Ireland.
Trend for the German market: An abrupt ending is not foreseen with regard to the scarce supply of live animals, according to marketeers. From today’s point of view, the price development is predicted to remain unchanged.
|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)