EU - The European slaughter pig market appears to be mostly constant this week.
Meanwhile, many market participants have lost faith in the possibility of a price increase. As a result, the German quotation stagnated on Wednesday, for the first instance, on the level achieved: a corrected 1.47 euros per kg slaughter weight.
In the majority of EU member countries, the quotations followed with unchanged prices, among them the Netherlands, Denmark, Belgium, and Austria. The corrected British quotation maintained its level because of currency fluctuations.
The mood continues to be positive in the southern European countries. So, the Spanish and French slaughter pig quotations were able to go slightly up again. In France, slaughter companies are complaining about weak demand for meat as well as about very low margins.
But a price increase is being enforced because of the low quantities of live animals on offer in France. The situation is similar in Spain, so the quite manageable quantities of live animals on offer remains the determining factor on the market.
Trend for the German market:
In the course of the past week, the slaughter pig market succeeded in stabilising. By the beginning of the week, the quantities of pigs for slaughter matched the demands of the slaughter companies. Conditions are expected to remain balanced.
(Source: ISN - Interessengemeinschaft der Schweinehalter Deutschlands)
1) corrected quotation: The official Quotations of the different countries are corrected, so that each quotation has the same base (conditions).
2) These quotations are based on the correction formulas applied since 01.08.2010.
base: 57 per cent lean-meat-percentage; farm-gate-price; 79 per cent killing-out-percentage, without value-added-tax