EU - Prices are now stabilising again on the pig and pork markets after the prices were shaking severely throughout Europe last week.
Germany had again set the direction last Wednesday, noting an unchanged pig price. The vast majority of markets followed. Thanks to the sunny weather, the demand for pork was boosted again.
In June, demand above all for barbecue meat had been disappointing all along the line. In addition, the Spanish and Danish stocks from private storage as supplementary offer put pressure on the markets again.
Thus, meat prices went down to some sort of junk level throughout Europe. This shows again that more harm is done by private storage than good. The hope remains that those responsible in Brussels will learn their lesson at last.
In southern Europe, all signs indicate increasing pig prices. On the one hand, demand is hoped to go up by the time the holiday-makers are starting to come.
On the other hand, the quantities on offer are supposed to be declining over the weeks to come. The slaughter weights are already decreasing because the pigs are growing slower with the temperatures being hot.
Trend for the German market:
Backlog supply has meanwhile been reduced almost completely. The marketers report further decreasing numbers of pigs.
The temperatures being hot over the past days made pig growth by far slower, thus also reducing the slaughter weights, most likely. In conjunction with the nice weather forecast for the weekend ahead, slightly increasing pig prices must not be ruled out from today’s point of view.
ThePigSite News Desk