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EU Pig Prices: Thunderbolt Hits Pig Market - Germany Fuels Uncertainties

01 July 2015
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EU - Over the current week of slaughter, the situation has tapered off again on the European pig slaughter market.

The majority of quotations hit rock bottom. After a turbulent week in Germany, with many German slaughter companies giving discounted prices, the minus 9 cents’ price decrease seems like a thunderbolt. That’s at least how people feel about it in the other European countries.

Feeling uncertain, Austria, Belgium and the Netherlands follow by correcting their prices downward to a severe extent.

As is stated in a nasty comment from Austria, Germany was smashing the pan-European price structure.

The Danish quotation, too, was unable to withstand the pressure, conceding a little less than the countries mentioned before, quoting a corrected 2.7 cents minus.

Steady prices are reported on from Spain, Ireland and France. The prices had been expected to increase in France.

Since, however, only one of the French supermarket chains is said to have realised the higher payout prices, no more than unchanged could be achieved.

The French slaughter companies are quite pleased about that because they felt strongly squeezed after the price decreases noted in Germany and other countries.

Trend for the German market:

At the beginning of the current calendar week, the pig slaughter market appears in a much more relaxed way than it did before last weekend. Supply of and demand for live pigs are balanced.

There are more and more signs indicating that the quotations will be steady. Last Friday, the internet pig auction already held the low price level achieved so far.

 

ThePigSite News Desk

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