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EU Pig Prices: Severe Weather Warnings – Discounted Prices in Germany

09 June 2016
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EU - Most recently, the price barometer kept pointing upward on the European pig slaughter market. Across the board, an upward movement was observed as to quotations throughout Europe. The range of price increases is from 1 corrected cent in the Netherlands to a corrected 7 cents’ increase quoted in Denmark.

In consequence of the price increases varying very much the ranking of the five EU member countries most significant in pig keeping is subject to various effects.

Spain continues to extend its lead, remaining on the top position uncontested. Denmark makes up ground, now positioned second and followed by France and Germany. The Netherlands are bearing the red light.

Pigs for slaughter are in demand in most of the European countries. The quantities of live pigs on offer are said to be decreasing for the most part. On top of that, the booming export business with pork remains the driving force.

Yet, on their way to finally adequate prices, the German slaughter companies are still putting a spoke in the producers’ wheels. They do not share the latest price increase even despite the tense supply situation, paying discounted prices. The market participants do feel much alienated as a result. That’s also how to declare the minor price increase with a view on the Dutch quotation, which in most cases tends to follow the German development of quotations. The European market observers keep an attentive eye on the current market trends accordingly as well as on the further development in Germany.

Trend for the German market:
Regardless of the discounted prices and widespread uncertainty, demand for pigs is continuing to be good. The batches on offer are placed without problems arising, even at short notice. Recently, batches were offered at the internet pig auction at prices by far exceeding the discounted prices.

ThePigSite News Desk

Top image via Shutterstock

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