EU Pig Prices: Markets Unsettled; Positive Market Sentiment14 January 2014
EU - This week, the European slaughter market appears quite unsettled. However, the market sentiment appears positive.
Pig price quotations remain constant, going up only a little in Central Europe. In the South and on the Islands, prices are reportedly slightly weaker.
It has been reported that demand for live pigs is brisk and as a result, quotations in Belgium, the Netherlands and France have risen a little. Slaughter weights - which are still quite high in France - have been dropping slightly while the domestic market has been absorbing large quantities of meat.
German slaughter companies are successfully stonewalling, causing quotations to stay unmoved. At the same time, marketers were unable to cover demand for pigs for slaughter as promptly.
In the Spanish market, supply and demand have not yet returned to normalcy after the holidays, and as a result, there appears to be difficulty in achievement of balance. Therefore, a slight drop in prices has been reported.
In Great Britain and Ireland, producer prices have failed to maintain the existing level and therefore, prices in these countries have dropped as well.
Trend for the German market: Slaughter companies are purchasing huge quantities of pigs for slaughter on offer without delay. In the face of the positive sentiment among the market participants, prices are expected to remain at least unchanged.
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)