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EU Pig Prices: Few Changes in European Markets

02 August 2017
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EU - This current week, there have been no essential changes reported regarding the mostly steady situation on the EU slaughter pig markets. The quantities on offer remain on a below-average level over the entire continent.

For seasonal reasons, the slaughter weights continue to be decreasing in many countries. The pigs are growing considerably slower due to heat-related reasons in southern Europe.

At the same time, everyone is still waiting for demand to get stimulated again. Particularly from countries with high shares of exports, such as the Netherlands, Belgium, Spain, Germany, and Denmark, reports are coming in on difficult business situations concerning Asia. The strong Euro and the weak Dollar together are especially supporting US American exporters in Asian markets.

In Italy alone, remarkable price movements were observed last week. Quotations did go up by more than 10 cents in July. Through the increasing price gap, the Italian meat market has become more interesting with regard to imports from other European countries.

Trend for the German market:

The trial of strength going on between leading slaughter companies and producers has entered the third round in Germany. Westfleisch is no longer paying a discounted price anymore, while Toennies and Vion still stick to it. With the month of August beginning and the holidays ending in the region of Lower Saxony, new impulse is hoped to arise from the meat market. Yet, it is not foreseeable whether or not the meat processing and producing sides will be able to reach an agreement and thus have the discounted prices off the negotiation table.

(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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