EU - The European pig slaughter market is put under tension with the quotations developing in an inconsistent and conflicting way.
Reports from the various countries are on decreasing quantities of pigs on offer as well as on trouble-free marketing, altogether.
Despite the basically tense supply situation, German slaughter companies are stirring the pig market by paying discounted prices, thus unnerving the market participants. As a consequence the German quotation was corrected downward as a compromise between the red and green sides, thus separating from the European context.
In spite of the negative price adjustment observed in Germany, the quotations went up in Spain, France and even in the Netherlands where the quotation develops in parallel with the German prices in most cases.
The supply situation finally was able to override the German leading quotation’s target. The price increases amounted to almost 3 cents (corrected).
Some of the other countries partly could not elude the pressure man-made in Germany. So, the Austrian meat market also responded. Realising prices thus became more difficult. As a result of substandard supply of the live-animals market, the quotation could however be maintained. Denmark and Belgium are both able to keep the quotation on the level achieve.
Trend for the German market: As is revealed by the development in the other EU member countries as well as by the most recent results of the internet pig auction, the quantities of live pigs on offer are scarce with demand from the slaughter companies being brisk. So, from today’s point of view the development must be expected to remain at least steady.ThePigSite News Desk