EU - Considerable price increases were observed on the European pig slaughter market last week. The knot has been cut.
The quotations went up by plus 1 to plus 5 cents at maximum. Across borders, there is much buying interest in pigs for slaughter.
After the quotations went nowhere for weeks on end, some movement has now been observed.
Germany made the first move, showing a slight plus which was followed by many other countries.
With its plus 5 cents, the German quotation once again indicated the direction for many countries.
Austria and the Netherlands followed, their quotations being similar to the German one. There is even talk about the live animals’ market being swept. Furthermore, pigs are contested about, states the Austrian VLV.
Belgium and Denmark experienced a slightly more moderate increase of quotations. France did too, where step-by-step price increases have been registered since August. These are complained about by the slaughter companies because of the problems they are facing with realising the price increases in their sales.
A marginal plus is reported on from Spain, while the prices remained completely unchanged in Ireland.
Affected by exchange rate fluctuations, the quotation tends to go backward in Great Britain.
Trend for the German market:
At the beginning of the week, the situation appears continuously friendly on the pig slaughter market.
Demand for live pigs is brisk, with batches being looked for in part and the market as a whole being described as well balanced.
ThePigSite News Desk