EU Pig Prices: Markets in Balance – Steady Prices Anticipated02 April 2015
EU - Just before Easter, the European pigs slaughter market appears in an overall steady way with quotations moving sideward. Despite the friendly mood observed on the market, no price increase could be realised on the German market last week.
In France as well, price increases had been hoped for. Yet, the plus achieved was just marginal.
Now the focus is on the month of April. The French producers hope for the weather to improve, causing the prices to go up and the tense economic situation to ease.
In Belgium, on the other hand, the quotation went up slightly by a corrected 1.3 cents.
Resulting from abundant supply on the live pigs market and on the background of reduced slaughter capacities around Easter, the Austrians moderately reduced their pig slaughter quotations.
Trend for the German market:
At the beginning of the new calendar week, the situation is balanced on the local pig slaughter market. The quantities of live pigs on offer are at equilibrium with the slaughter companies’ demand.
The basic market sentiment continues to be positive, because the marketers buy additional batches. With regard to the further price development, the prices are expected to remain unchanged despite the forthcoming Easter Days.
ThePigSite News Desk