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EU Pig Prices: Demand Around Easter Raises Quotations

13 April 2017
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EU - The friendly atmosphere on the EU slaughter pig was maintained over the past week. With Easter in view, demand for animals for slaughter continues to be vivid and has also been boosted by the nice barbecue weather.

The meat processing industry can hardly provide themselves from frozen storage this spring. Only little quantities were frozen but the meat was exported towards Asia instead. This might explain why almost all European quotations are going up considerably at this time.

The most obvious increase was observed in Spain, where a converted 6 cents was reported. Spanish market observers are speaking of decreasing slaughter weights which remain clearly below last year’s values as well as about downward quantities on offer. With the first tourists arriving, the prices are expected to continue to go up over the next weeks.

There’s a little worry about the decreasing domestic prices inside China. The quotations in Germany and Belgium went up by about 5 cents. In France, Denmark, and Austria it went up at least by as much as 4 cents. The steep climb of prices in the Netherlands got a little slower, just reaching a 3 cents’ plus. Reports everywhere are on decreasing slaughter weights and brisk demand from the slaughter industry.

Trend for the German market:

Over the Holy Week before Easter, demand from slaughter companies is expected to go down because the majority of slaughter belts will most probably stop running on Saturday. Since producers have delivered swiftly over the past few weeks, a significant backlog supply is not to be expected. The price should remain on the level achieved.

(Source: ISN - Interessengemeinschaft der Schweinehalter Deutschlands)

Explanation
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

ThePigSite News Desk

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