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EU Pig Prices: Large Supplies on Offer Cause Price Drop

11 September 2013
Go to schweine.net

EU - This week, the European pig slaughter market is weakening.

Germany went ahead decisively after the meat-processing side had started to build up pressure successively at the beginning of last week. In consequence of larger quantities of pigs on offer, the German quotation went down considerably by minus 8 cents. The neighbouring countries’ quotations (Netherlands, Belgium, Austria) were carried away with it.

The Spanish, French and Danish quotations appear unimpressed by the downward movement, responding with their moving sidewards.

Great Britain even went up slightly. According to the topagrar magazine, the Spanish pork exports went down strongly by 13 per cent over the first six months of this year, compared with the previous year’s figures. Exports towards Russia in particular had gone down by as much as 24 per cent.

The Spanish currently pin their hopes on the Russian inspectors’ travelling of Spanish slaughterhouses. It was reported by the Spanish that some plants might start exports towards Russia again in October.

Trend for the German market: As a result of larger numbers of live pigs on offer, the marketers’ order books have partly been filled by mid-week.

Late registrations made by the producers because they are afraid of having to face a further price decline made the pressure increase. So, short-term deliveries are hardly possible. From various market participants’ point of view there is reason to hope for pressure to go down over the week and the price to keep up.

 

WeekDNLDKBFPLCZITESPAUTGBIR
Week 30 1.746 1.680 1.671 1.717 1.814 1.797 1.728 1.975 1.930 1.714 1.947 1.594
Week 31 1.746 1.690 1.698 1.729 1.819 1.798 1.758 2.025 1.949 1.714 1.933 1.594
Week 32 1.746 1.680 1.698 1.717 1.836 1.712 1.766 2.025 1.955 1.714 1.910 1.594
Week 33 1.776 1.709 1.697 1.742 1.810 1.812 1.778 2.025 1.955 1.745 1.921 1.594
Week 34 1.826 1.756 1.724 1.791 1.825  1.822 1.780 2.076 1.955 1.786 1.951 1.594
Week 35 1.876 1.785 1.751 1.840 1.881  1.880 1.820 2.095 1.990 1.827 1.937 1.594
Week 36 1.876 1.785 1.751 1.840 1.931   1.877 2.095 2.016 1.827 1.971 1.594
Week 37 1.796 1.709 1.751 1.600 1.936     2.095 2.016 1.776 2.011 1.622
Prices in Euros (€)

ThePigSite News Desk

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