EU Pig Price Quotations Range from Steady to Increasing29 April 2014
EU - This last week of April, the European slaughter pig market appears to be steady overall.
Over the last two weeks, several days of slaughter were missing due to the public holidays; yet, the general reports are that there has been no backlog of supplies. Consequently, the majority of European quotations stayed the same.
As a result of demand, the leading German quotation went up by 2 cents, thus in part compensating for the previous week’s price decrease. In both the Netherlands and Belgium, upward price corrections were realised. In Austria, however, the previous week’s price decrease could not be corrected due to missing days of slaughter.
In Spain, prices have stagnated second consecutive week. The same goes for Denmark. Yet, the corrected Spanish price of 1.797 euros is only slightly below the level of 2013, which was a record year. The French quantities of live pigs on offer were more than sufficient to cover demand from slaughter companies. The past weeks’ price increase was stopped, the quotation just holding its ground.
Trend for the German market: The domestic market continues to be in a friendly mood. Live pigs are on brisk demand from slaughter companies. 1 May will be the next public holiday demanding barbecue meat in particular. With supply not being too large, prices are expected to go up moderately. This is also the result of the internet pig auction of ISN on Monday, 28 April.
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)