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EU Pig Prices: Quotations Are Going Up Still

20 May 2016
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EU - The price rally is still continuing on the European pig slaughter market.

This current week of slaughter, all quotations could rise considerably which are examined carefully by ISN within the framework of the European pig price comparison.

The price increases are ranking from a corrected 2.9 cents observed in the Netherlands to 6 cents reported on from Great Britain.

The price-enhancing factors such as scarce quantities on offer and good meat business with still flourishing exports towards South-East Asia are still lasting, allowing for increase again of the quotations in the EU member countries.

After their 4 cent’s plus, the Germans still occupy the lower middle ranking. Altogether, the German quotation went up by 14 cents over the past three weeks.

Spain was able to extend its position as market leader among the five EU member countries most significant in pig keeping after the latest price increase. Denmark and France are following at a 4 cents’ distance. The Netherlands are bearing the red light.

Trend for the German market: At the beginning of the week the domestic pig slaughter market is well balanced altogether. It’s time for respite now. After demand was enormous before the long Whit weekend, the live-animals’ market is cleared despite the cool weather. According to information from marketers, the short week of slaughter does not cause problems.

Supply and demand are maintaining the balance currently. So from today’s point of view the price development is expected to remain unchanged. The results of the internet pig auction are confirming this trend.

ThePigSite News Desk

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