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EU Pig Prices: Quotations Take a Breather

31 May 2017
Go to schweine.net

EU - This week, the European slaughter market appears to be overall steady.

Quotations have remained steady and unchanged. Spain reports a somewhat positive trend resulting in a slight increase of quotations after a few weeks of steadiness.

Because of the missing day of slaughter on Ascension Day last week, the market situation is mostly balanced now. As is heard from various sides, backlog supply does not seem to have piled up. From the different countries, there are reports on decreasing slaughter weights. This indicates that no expansion of the quantities on offer must be expected at short notice.

The Spanish are most prospective to prepare for the seasonal price increase which will be resulting from the many tourists coming to Spain for a holiday. Yet, there is some bad news to it: The competitive pressure is ever increasing on the export market because of the numerous competitors from all over the world. This also goes for the Spanish who, compared with other EU members, got more and more important over the past months in the non-European pork trade.

Trend for the German market:

After the long weekend with many consumers’ enjoying the perfect barbecue weather, the slaughter pig market has been cleared at the beginning of the week. Despite the missing day of slaughter last Thursday, pigs for slaughter are very much in demand. The price development is expected to be friendly.

(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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