EU Pig Prices: Markets Beat Down All Over Europe26 September 2013
EU - The downward price trend in EU markets is still going on this week.
The quantities of slaughter pigs, which were considerably more extensive in the recent past, thereby exceeding the weakening demand of slaughter companies in most of the countries, continue to be the main problem.
Starting from Germany, where the quotation went down by 6 cents, pig prices were lowered by almost the same amount in most of the neighbouring countries.
France and Belgium also faced a 6 cents’ minus; in the Netherlands and Austria, a 5 cents’ minus was enforced.
In Spain as well, where the pig market has been comparably steady over the past weeks, the price went down by a converted 4 cents per kg slaughter weight.
The Danish prices were the only exception in continental Europe, where quotes have remained unchanged for the fifth week in a row. As a result, the Danish prices have risen above the German price level for the first time since June.
Trend for the German market: As a result of the large quantities of slaughter pigs on offer, the German slaughter companies were able to benefit from the past weeks’ market situation for allowing an almost 20 cents’ price reduction altogether. To strengthen opinions, discounted prices were threatened with again and again. Through the clear corrections, however, the competitiveness should have improved again on the export markets. In addition, there is hope that domestic slaughter companies start to increase demand again after having operated for decreasing prices and only ordered cautiously. Whether or not that will be sufficient to allow pig prices to stabilise cannot be seen from today’s point of view.
|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)