EU - This second week of the new year, the European price structure starts moving. After the Christmas season, the live animals’ market was only scarcely supplied with low quantities at brisk demand. Thus, the quotations went up in many countries for the second time in a row.
After the latest 5-cents’ plus and the current corrected price level of €1.52, Germany meanwhile takes the lead in the European price structure of the five EU member countries most significant in pig keeping. All in all, the German quotation went up by 9 cents over the past two weeks, relegating Spain, Denmark, and France to the ranks behind.
The French quotation continues to rank second after weeks of standstill and a slight plus, just a par behind Germany as the new leader.
The Danes, who had the price lead the weeks before Christmas, are now ranking behind the top competitors after a sideward movement.
Despite the moderate plus this week, the Dutch are lagging far behind and are now on the 4. range in the European price structure of the five EU member countries most significant in pig keeping.
Trend for the German market: The domestic pig slaughter appears in an overall balanced way at the beginning of this week. The quantities on offer have been placed. The order books are showing only minor gaps until mid-week. All in all, an unchanged price development is most likely.
ThePigSite News Desk