EU - After last week’s severe price decrease, the European pig slaughter market has now calmed down again a bit. The movement of prices ranged from unchanged to slightly friendly most recently.
The decisive factor for this development was a slight 2 cents’ plus noted in Germany as a result of the shortfall in supply on the live animals’ market.
Yet this plus is not quite accepted by the major German slaughter companies. Discount prices impinge on the day-to-day business. From some neutral market observers’ point of view, this is some kind of strange situation.
Increasing quotations were also noted in France, Austria and Belgium.
Due to the weakening meat business, which all countries that have been analysed are complaining about, the quotations achieve an unchanged at maximum.
With their slightly downward prices, the Dutch are distancing themselves from the other European countries. The British pig slaughter quotation’s downtun must be attributed to exchange rate fluctuations.
Trend for the German market: From what we hear, the market situation seems to be stabilising on the price level achieved so far.
Pigs for slaughter are actively demanded for by traders and producers’ associations. The quantities of pigs for slaughter on offer are expected to reside on a low level over the next days. So, from today’s point of view, the quotation is anticipated to remain unchanged. The results of tomorrow’s internet pig auction will most certainly be rather informative.
ThePigSite News Desk
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