EU - The European pig slaughter market appears well balanced a week before Christmas.
Over the past few days, the market situation eased off increasingly with many quotations moving sideward.
As usual, the unchanged German quotation takes the lead, thus carrying weight for the other European countries’ price development. The French price also stabilises on the level achieved.
The Austrian producers, on the other hand, have to cope with a considerable markdown.
After the market had been underserved for several weeks, the quantities of pigs for slaughter on offer are jumping up now with the price going down by a corrected 5.1 cents.
This way, the price gap opening towards the corrected German quotation went down from 6.9 to 1.8 cents.
The Danish quotation, which last week remained unchanged as to quotation, went down by a corrected 5.4 cents, thus ranking just ahead of the Spanish quotation.
Trend for the German Market:
Before Christmas, the quantities of live pigs on offer are quite substantial currently, as is confirmed by official figures, meeting vivid demand on the part of the slaughter companies.
The meat market is assessed very positively before Christmas. So, all in all, the price level is expected to remain unchanged until the end of the year.
ThePigSite News Desk