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EU Pig Prices: No Price Increase in Sight

12 August 2016
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EU - This current week of slaughter, the European pig slaughter market appears steady altogether.

The quotations remain unchanged and on the level achieved in most countries. The sideward movement of the German leading quotation is a decisive factor for this kind of development. For seasonal reasons, the quantities of pigs for slaughter go far below the slaughter companies’ demand in many places.

As a consequence, the effects which the weak sales resulting from the holiday season have on the domestic sales are very limited. Reports from Austria even say that occasional days of slaughter are planned to be cancelled in order to not raise the unit costs to an unnecessary level.

In Germany, the price increase that had been hoped for failed to appear indeed. But the most recent results of the internet pig auction point to additional charges which are paid at present because of the large distance towards the concerted price as quoted.

The Dutch quotation, bearing the red light among the five EU member countries most significant in pig keeping, is going down by 2 cents.

In calendar week 29, the Dutch had corrected the price downward by 2 cents. Meanwhile, the gap between both the corrected Dutch and corrected German quotations has gone up to almost 12 cents.

Trend for the German market: The atmosphere continues to be friendly on the pigs slaughter market. The batches on offer are demanded expeditiously, with the marketers continuing to bid intensely for pigs for slaughter. Unchanged prices are at least to be expected from today’s point of view.

ThePigSite News Desk

Top image via Shutterstock

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