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EU Pig Prices: Prices Getting Nowhere; Markets Balanced

16 August 2017
Go to schweine.net

EU - The European slaughter pig market does not appear to really be making headway.

Compared to last week’s values, the market situation has not changed to a decisive extent. The market presents itself in an altogether balanced way. Thus, the vast majority of quotations appear to remain constant in most EU member countries.

In southern Europe, tourism is helping strengthen the markets, while in the North, the first holiday-makers are already returning to their homes. So, demand is stable or stimulated respectively while the quantities of live pigs on offer continue to be quite manageable.

Unfortunately, the price increase that had been hoped for in Germany failed to appear, thus leaving other countries behind without a sign being set. On top of that, one day of slaughter is missing in some countries due to a public holiday. All in all, there is not enough room left for price increases related to pigs that are mature for slaughter.

In France, the quotation even went down by a cent. However, a noticeable market recovery is expected within the coming weeks, as stated by a French market participant. The last weeks’ trend continued in Great Britain, where the quotation went further down.

Trend for the German market:

At the start of this week, market participants were mostly mild-mannered. The quantities of live pigs on offer continue to be manageable and sales have been swift. Whether or not there is room left this week for rices to go up still remains to be seen.

(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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