EU - Despite inconsistent price trends, the European pig slaughter market seems to be gaining momentum step by step. That shows in the current slaughter week’s development.
By the latest 3 cents’ increase in quotation, Germany provides the decisive signal.
The Dutch are following with a corrected price increase of almost 4 cents. Belgium and Austria are also reporting positive trends.
Because of increasing demand for meat, the demand is also increasing for pigs for slaughter in those countries, at lower quantities of pigs for slaughter on offer at the same time.
Across borders, the market participants appear to feel relieved about the race seeming to be over as to the German discounted prices.
Meanwhile the annual autumn depression begins to show in the southern holiday regions. With the holidaymakers leaving, the consumption is reducing and so is the pig slaughter quotation in Spain.
In France, the situation continues to be difficult. Lacking competitiveness compared to neighbouring countries is said to be a reason. The French quotation remains unchanged for the most part.
Trend for the German market:
At the beginning of the week, the mood is optimistic. The quantities of pigs for slaughter on offer still are particularly low. So, the marketers will certainly find it difficult to meet the slaughter companies’ need.
Positive impulse is also given by the holidays ending and the month beginning. The latest results of the internet pig auction were also promising. All in all, from today’s point of view a moderate price increase seems to be expectable.
ThePigSite News Desk
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