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EU Pig Prices: Quotations Continue Increasing

07 December 2016
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EU - The Christmas trade is flourishing on the European pig slaughter market. Demand for pigs for slaughter is on a high level altogether. So, many quotations could go on increasing.

The increase of the German leading quotation was vital for keeping the upward movement continuing.

The price increases indeed are ranging from a corrected 1.9 cents reported on in the Netherlands to 3.1 cents in Austria. Denmark and Belgium also were able to realise a moderate plus.

So, Denmark is top of the list again and for the third time in a row within the price structure of the five EU member countries most significant in pig keeping. Germany continues to rank second.

The prices currently are mostly boosted by demand resulting from the Christmas trade. From what is heard, the warehouse stock seems to be at a low level all over Europe as far as frozen goods are concerned.

The quotations are moving sideward in Spain, France, and in Ireland. Spain currently makes a benefit from the dynamic in prices which is observed in northern Europe.

Traditionally, Spain is under pressure as to prices at this time of the year, because tourists are few and thus are not able to boost consumption. It is true that the quotation went down in Great Britain, yet in the version corrected to ISN standards, it still is slightly positive because of currency fluctuations.

Trend for the German market:

The market situation appears quite vivid on the domestic pig slaughter market at the beginning of this week. Demand is at a very high level still high but scarcely covered. From today’s point of view, the price development is expected to be sound.

ThePigSite News Desk

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