EU - The atmosphere continues to be significantly dampened on the European pig slaughter market this week.
The market does not gain impetus. The problems resulting from the extensive quantities on offer with demand being limited are predominant. As a result, the quotations cannot be maintained in most of the EU member countries examined closer by the ISN.
The Danish quotation alone can stand its ground for the second time in a row. In view of that, the northern neighbour now ranks first among the five EU member countries most significant in pig keeping. Altogether the price decreases are ranging from a corrected 2 cents in Spain up to 4 cents in Ireland.
Currently, rather high slaughter weights are very much bothering the market participants in Spain and Austria. As to neighbouring France, the negotiations are continuing with regard to problems around the French quotation. An approach to solving the problem has not yet been heard about.
As a matter of fact, the European pig prices will be facing problems as long as Germany keeps thwarting the market. According to a French market participant, the market will hardly succeed in getting settled without Germany playing a role.
Trend for the German market:
After the latest fixing of quotations on Wednesday, the market was expected to ease in the first instance. Bottoming out was thought to get more obvious. With contemporary marketing of the quantities on offer partly being hard, the market participants continue to be unsettled.
ThePigSite News Desk