EU - This current week of slaughter, the European pig slaughter market goes on stabilising. A great majority of quotations continue to move sideward, even though many market participants’ focus was on Germany and the steadiness of its leading quotation.
As word has it, no backlog supply resulted from the public holiday (and thus missing day of slaughter) in some European countries as well as in some German federal states.
So, the live animals’ market is said to be mostly balanced. In France, the bottom seems to have been hit now, after weeks of price decreases.
The Spanish quotation continues to be slightly declining. Yet, Spain keeps the lead in the European ranking of the five EU member countries most significant in pig keeping. The Irish quotation also went down.
Trend for the German market: At the beginning of the new week, the pig slaughter market appears to be quite relaxed. The marketers by trend are expecting reduced quantities of pigs for slaughter to be on offer. Future prospects are characterised by steadiness.
ThePigSite News Desk
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