EU - At last, the European pig slaughter market gets back to being balanced again.
The pressure that has been exerted on the quotations is gradually decreasing. After unchanged was recorded in Germany on Wednesday, the Dutch, Danish, Belgian, Austrian, and Irish quotations are also moving sideward again.
According to the Austrian VLV, the seasonal price decrease should thus have come to an end. Two public holidays ahead during the next two weeks do not make the Austrians worry. As is commented, the backlog supply resulting from those days off will remain in line with the expectations.
Less optimism is part of the daily business in Spain and France. On the one hand, the seasonal price decrease is continuing in Spain.
On the other hand, the country, which strongly depends on exports, is affected by competition as observed on the US and Canadian exports markets.
In France, the slaughter belts are not run at full capacity. At the same time, a French market participant reports on a difficult meat market; considerable price decreases are observed with ham and chop in particular. The sideward movement of prices both on the German market and in many other countries are easing the market.
Trend for the German market:
After the most recent sideward movements of the quotations, the pigs-mature-for-slaughter market is now relaxing ever more and is finally getting back to balance again. According to the marketers, the producers’ readiness to deliver has considerably reduced together with the market which is calming down now. From today’s point of view, the market is expected to go on stabilising over the next daThePigSite News Desk