EU Pig Prices: Neighbours Unimpressed by German Discount20 November 2013
EU - This week, the European slaughter pig market appears to be well-balanced.
The Spanish, Dutch, Danish, French and Austrian quotations are either unchanged or showing just marginal changes. In Great Britain, the quotation even went up slightly for the third time in a row.
Quite opposite to what happens all over Europe, the German quotation went down by 2 cents last Friday. The past week’s price increase was thus taken back almost completely.
The reason for the price decrease is that German slaughter companies – that succeeded on a national basis with their large quantities of live pigs on offer - threatened with discounted prices and exerted price pressure.
Although the German quotation takes a leading position towards the neighbouring countries, the latter prove to be unimpressed this time by the German "argy-bargy" related to discounted prices, says Johann Schlederer of Austria’s VLV.
Irish slaughter companies alone corrected their pay-out prices downward after weeks of unchanged prices.
Trend for the German market: The quantities of live pigs on offer continue to be extensive in Germany. At the same time, both the slaughter companies and the marketers appear quite capable of making purchases. Word has it that much room is left on the market for placing further lots rapidly. Discounted prices were not under discussion, according to one of the market participants.
|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)