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EU Pig Prices: Market Settled – Hope for Price Increase

31 August 2016
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EU - No decisive changes are observed in the European pig slaughter market this week.

For a period as long as eight weeks, the German leading quotation has remained on the price level of a corrected €1.61 per kg slaughter weight. For the same period of time, the European pig slaughter market has moved sideward with some exceptions.

Demand for pigs for slaughter is still very lively. In part, cautiously optimistic voices are heard with regard to the business on the market. In France, for instance, various marketing campaigns are helping the trade of pork. This results in slight quotation increases.

The supply-related Italian quotation went nowhere but upwards recently. Thus, the corrected Italian quotation now exceeds the overall European level.

In Spain, the end of the traditional summer high-price phase is foreshadowing. The holiday-makers are leaving for home with domestic demand by and by decreasing for this reason.

When, in addition, the temperatures will be going down and, because of improved feed conversion, the pigs’ growth will be going up, the quantities on supply will be larger at last. So far, the Spanish quotation still is scantly maintaining its position.

Trend for the German market: 

The development on the domestic market remains basically characterised by steadiness and a friendly basic tone. According to the marketers, the quantities on offer remain unchanged and continue to be purchased swiftly.

Over the next few days it remains to be seen whether or not the midsummer temperatures will slow down the pigs’ growth and whether or not the impulse on the meat market will be sufficient to make the prices rise.

ThePigSite News Desk

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