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EU Pig Prices: Market Balanced

08 September 2016
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EU - This week, the European pig slaughter market is going smoothly again.

Pigs for slaughter are in good demand across borders. For the ninth time in a row the German leading quotation amounts to a corrected price level of 1.61 euros per kg slaughter weight, meaning Germany now ranks third within the European price structure of the five EU member countries most important in pig keeping.

In the other countries, the quotation has not been able to find its way upward for weeks on end although the mood is basically friendly.

Demand in France became slightly more vivid again because of the end of the holidays. Pigs for slaughter are in demand, thus allowing the quotation to go up slightly.

Altogether, the quantities of live pigs on offer are sufficient to cover the demand, states a market participant.

The Danish quotation went up by a corrected 2.8 cents’ plus. This way the distance toward the German leading quotation was reduced. About five weeks ago, Danish Crown had cut prices in Denmark by this value.

The Spanish market is being characterised by the quantities on offer getting larger. On the one hand, the pigs’ growth is improving again. On the other hand, Spain considerably extended the livestock.

Exports towards China are not going smoothly. Competition with the USA and Canada currently is quite aggressive, says a market participant. What is positive is that the Chinese are demonstrating increased buying interest inside Spain again. All in all, the Spanish quotation is moving sideward again this current week of slaughter.

Trend for the German market:
On the domestic market, the live animals’ market is continuing to be very lively this new week of slaughter. The quantities sold are flowing off swiftly and the meat market appears busier again. From today’s point of view, prospects are going to be steady at least.

ThePigSite News Desk

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