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EU Pig Prices: Friendly Price Development

04 May 2017
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EU - The European slaughter pig market shows an altogether friendly face this week. Majority of the quotations were able to go up.

As a result of brisk demand for pigs for slaughter, Germany set the pace again with its plus 3 cents. The Netherlands, Denmark, Belgium, and Austria followed with a similar plus. The French, on the other hand, made a slightly downward correction to their quotation because of the numerous public holidays in May. This was preceded by the French slaughter houses’ reduction of demand.

The Spanish quotation went sideward, remaining the market leader with its corrected level of €1.79 per kg slaughter weight in the European price structure of the five EU member countries most significant in pig keeping. Currently, the export-oriented Spaniards are moaning about the competition pressure from the USA related to exports towards China. On the other hand, the Spanish are the beneficiaries of the enduring ban on exports by Toennies towards the Chinese market.

Trend for the German market:

The domestic pigs-for-slaughter market has now been cleared, after the long weekend and the day of slaughter missing on 1 May. The slaughter companies are still showing vivid buying interest and the marketers prove to be very receptive. This is also shown by today’s auction result of the internet pig auction. Yet, this week’s hesitant price development is expected to satisfy the market. Rising temperatures will certainly support impetus from the meat market again next week. So, price increases are expected to be realised in an easier way.

(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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