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EU Pig Prices: Scarce Supply Boosts Prices, Quotations Rising

02 July 2014
Go to schweine.net

EU - Steady to friendly trends can be observed on the European slaughter pig market this week. While the prices are going north in some countries, other quotations are just moving sidewards.

Altogether, the market situation allows prices to be determined by the scarce quantities of slaughter pigs on offer.

Cross-border price increases are found ranging from a 0.8 cents minimum recorded in France to a four-cent maximum quoted in Germany. On the other hand, the slaughter companies are complaining about a weak meat business. According to their own statements, the meat processing industry is not able to realise price increases in sales. No changes are reported about regarding the Danish quotation.

Through the changing quotations, shifting is caused in the current European price structure. As a result of the clear plus noted in Germany, the German quotation now ranks second among the five major pig-keeping EU member countries, thus moving ahead over France. Having moved sidewards, the Danish quotation now brings up the rear among the five major countries.

Trend for the German market

No changes are to be expected to the basically friendly mood on the domestic slaughter pig market. As to the scarce supply situation, no major changes are anticipated. Taking a look at the restrained atmosphere at the meat marketers’, the prices seem to stabilise on the existing level.

Prices in Euros (€)

WeekDENLDKBEFRPLCZITESATGBEI
Week 20 1.546 1.500 1.558 1.519 1.662 1.551 1.566 1.697 1.803 1.509 1.966 1.574
Week 21 1.546 1.500 1.558 1.519 1.621 1.556 1.575 1.725 1.798 1.509 1.960 1.574
Week 22 1.626 1.566 1.585 1.593 1.603 1.608 1.610 1.790 1.819 1.571 1.985 1.574
Week 23 1.626 1.566 1.612 1.606 1.602 1.601 1.627 1.790 1.835 1.571 1.976 1.613
Week 24 1.656 1.595 1.612 1.630 1.616 1.648 1.664 1.800 1.863 1.602 1.996 1.622
Week 25 1.656 1.595 1.613 1.630 1.674 1.656 1.679 1.824 1.892 1.602 2.026 1.632
Week 26 1.686 1.623 1.640 1.655 1.686   1.698 1.824 1.917 1.632 2.015 1.632
Week 27 1.726 1.652 1.640 1.692 1.694     1.808 1.942 1.663 1.985 1.632
 
Schweine.net

Explanation
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)

ThePigSite News Desk

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