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EU Pig Prices: Quotations Unchanged for the Most Part

07 April 2016
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EU - A week after Easter, the European pig slaughter market appears to still be a little out of tune.

The quantities on offer prove to be sufficient altogether because of the backlog supply resulting from the Easter holidays.

Many European countries’ quotations are unchanged still and among them are the Danish, French and Austrian quotations. The Spanish quotation also moved sideward.

In view of the missing days of slaughter over the Easter holidays, the German slaughter industry used to its own benefit the good situation as to supply of pigs for slaughter. The 3 cents’ price decrease resulting from it in Germany again caused resentment in Germany and abroad.

A French market participant fears negative influence on the sales prices on the French market where the situation is already tense.

In Belgium as well as in the Netherlands the quotations also went down by a corrected 3.7 and 0.9 cents respectively. In Ireland the price also fell by a corrected 3.9 cents.

Through the German price reduction, the gap is getting ever larger in the European price structure.

Meanwhile, the German and Danish prices are differing from each other by a remarkable 9 cents. With its corrected 1.32 cents’ per kg slaughter weight, the Danish corrected price level is put in the first place among the five EU member countries most significant in pig keeping. Such has been the case before. Denmark obviously was much more able than others to absorb the pressure caused directly by the ban imposed on exports of pork towards the Russian market.

Trend for the German market: According to the marketers, the market situation is well balanced altogether. The backlog supply which piled up over Easter is worked off swiftly. The springlike weather bestowed good demand on food retailing which is for barbecue meat in particular. All in all, the conditions are expected to remain unchanged.

ThePigSite News Desk

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