EU - The European pig slaughter market is starting to move.
After the German leading quotation went up by one cent last Wednesday, other countries’ quotations also started increasing. With demand for pigs for slaughter continuing to be good on the part of the slaughter companies, the price increase which had long been hoped for by the producers is starting to materialise.
In Belgium, the price went up by a corrected 1.2 cents. France and the Netherlands both followed in quite a moderate way with their corrected 1.6 and 1.8 cents respectively. Because of the short supply of pigs at low slaughter weights, the French quotation now was able to go up for the third time in a row. Thus, the French could record a plus of a corrected 3.4 cents altogether within a period of three weeks.
No change in prices was observed in Denmark, Austria, Great Britain, Ireland, and in Spain. In Austria, for instance, barbecue meat is exerted a lot of pressure on, as is states by the Austrian association of upgrading producers (VLV).
At the end of the holiday season, the Spanish pigs-mature-for-slaughter market is characterised by low quantities of live pigs on offer. As a result of the hot temperatures, the pigs are growing much slower, so the slaughter weights are going further down.
Trend for the German market:
The atmosphere continues to be friendly at the beginning of the new week. Emphasis is placed on good demand by the German Vion’s announcement to take back last week’s discounted price and pay the concerted price of 1.67 euros as of today for all pigs delivered. Pigs for slaughter continue to be in demand. It remains to be seen over the next few days how much upward leeway is left.
ThePigSite News Desk