EU Pig Prices: Price Rally Goes on27 August 2013
EU - A new round of price rally has begun on the European slaughter pig market. The atmosphere continues to be optimistic on, with quotations going up perceptibly throughout the continent.
The quantities available are still insufficient for covering the slaughter companies’ good demand. Both Spain and France did well over the past week despite last week’s public holidays and set a new price increase target on Thursday.
With its corrected 5.6 cents, France has recorded the largest price increase compared to last week.
After the latest rise in prices, Germany ranks on its maximum annual value of a corrected 1.876 euros, positioned only very slightly behind France with its corrected 1.881 euros.
Behind the Netherlands, Denmark bears the red light among the five major pig-producing EU countries.
Irish producers have had to settle for unchanged prices for a nine-week period.
As a result of currency fluctuations, the British quotation has gone down slightly.
Trend for the German market: This week, the scarce quantities on offer are still characterising the market situation. According to reports, live pigs will continue to be in demand for the time being. Whether the price increase will be temporary or whether it will proceed continually remains to be seen.
|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)