EU Pig Prices: Steady Situation in Central Europe; No Backlog Supply Reported09 January 2014
EU - At the beginning of the New Year, there were inconsistencies in the European pig slaughter market.
Central European quotations are the steadiest ones, with the market there getting back to normal ever more. Supply and demand are balanced in Germany, the Netherlands, Belgium and Denmark so the quotations are moving sidewards in those countries.
The Spanish registered a noticeable price decrease of a corrected 3.8 cents. On grounds of the missing days of slaughter over Christmas, supply piled up which has not yet been reduced.
In Austria, a backlog supply emerged which still cannot always be placed within a narrow time frame.
In northern Europe, the Irish have been forced to cope with a considerable price reduction. The French are optimistic about the situation, anticipating a price increase.
Trend for the German market: According to the marketers, demand for pigs for slaughter is quite good currently. There seems to be a lot of catching-up to do on the part of the slaughter companies, according to one of the market participants. Currently, there is no back-log in supply so that – from today’s point of view – the prices are unlikely to change.
|Prices in Euros (€)|