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EU Pig Prices: Markets Stabilising

28 July 2017
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EU - Last week, the EU slaughter pig markets were able to stop their sliding, quoting on an unchanged levels for the most part.

However, stabilisation could not be expected in the first instance. German slaughter companies have called for another price decrease in order to tackle the weak meat business within the country and abroad.

But despite clearly announced discounted prices, the producers did not accept this claim. With the prospect of decreasing quantities of live animals on offer, the producers rather quoted an unchanged price.

From the neighbouring countries as well, scarcity of sufficient quantities of slaughter pigs have been reported. So, the prices in the Netherlands, in Belgium, Denmark, and Austria are also able to maintain last week’s level.

As a response to the prices which have gone down in many EU member countries over the past weeks, the French bids went down just a bit at the Plérin auction.

Despite the severely enlarged gap between the Spanish quotation and that of the other major producing EU member countries, the prices are at least continuing to remain constant.

Slaughter weights, and therefore, quantities on offer, are still decreasing.

Tourists’ demand for pork are making sales get to the level needed. It is however observed with concern that exports towards Asia are going down.

Trend for the German market:

According to reports, slaughter companies are still sticking to discounted prices. However, the medium-sized businesses in particular are accepting price recommendations from producers' associations. Livestock marketers report decreasing quantities on offer. From the beginning of next month, new stimulus is expected from food trade.

(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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