EU Pig Prices: Pressure from Germany Shifts to Neighbours30 October 2013
EU - With the autumn storms’ season starting, dark clouds are also gathering above the European slaughter pig market.
After some slaughter companies had demanded clear price reductions in Germany, the number of pieces went up as a result of the producers’ increased willingness to sell and the quotation went down by 5 cents. The quotations in the Netherlands, Belgium and Austria were also caught in the downward pull.
According to the Austrian "Verband landwirtschaftlicher Veredelungsproduzenten OÖ" (agricultural upgrading producers), the quantities of pigs mature for slaughter were completely sold, until the German neighbour stirred up the market by offering at low prices and the quotation went down by a corrected 1.5 cents.
In France and Spain the weakening seasonal price decrease is continuing. After the quotation went down in Germany, France now ranks second in the European price structure of the five major pig-keeping countries with its corrected 1.651 euros, ahead of Germany by a hair. The Netherlands continue to bear the red light. The market situation is reported to keep steady in Great Britain.
Trend for the German market: The slaughter pig market continues to be unsteady after the quotation went down on Friday. Until mid-week, sufficient quantities of pigs mature for slaughter are available. At the beginning of next week of slaughter, the marketers expect the quantities registered get back to normal in the order books. The further price development appears to be uncertain.
|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)