EU Pig Prices: Market Situation Increasingly Steady02 October 2013
EU - This week, majority of the quotations have been holding steady. With it, the significant parameter to stabilise the trend is given by the German guide quotation.
After a three-weeks downswing, the slaughter pig price holds its ground on last week’s level, summing up to a corrected 1. 696 euros per kg slaughter weight.
The Dutch, Belgian, Austrian and Irish quotations prove to be unchanged as well. As a result of changes in currency exchange rates, the British quotation has increased a little.
In other EU regions, prices could not maintain the existing price level and went down as a result.
Spain and France are facing a continuing price decrease. Quotations are approaching the European mid-fielders and the two markets are well supplied with pigs.
In Spain, growth of pigs has gone up as the temperature cools down. France is also reportedly increasing slaughter weights.
The Danish quotation, which stands at a corrected 2.8 cents, is also going down.
Trend for the German market: At the start of the new week of slaughter, the relation between the quantities of live pigs on offer and slaughter companies’ demand appears to be well-balanced. According to reports, the missing day of slaughter on 3 October will cause no problems and therefore, the situation is expected to remain steady.
|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)