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EU Pig Prices: Bottoming Out?

by 5m Editor
16 April 2008, at 8:48am

EU - Last week’s trend continues. The European slaughter pig market is seeing the majority of pig price quotations falling, as they are unable to withstand the overall pressure being exerted, to a large extent, by German slaughter companies.

Most European producers are ready to collapse. Although there has been discussions in Brussels about a possible withdrawal of aids for exports as views persist that the market should be left to its own devices - in spite of the instability.

Falls

Although Spain remains the market leader, the Spanish quotation fell by a corrected two cents. The Dutch quotation goes on moving like the German quotation. The Danish quotation defies the general development, staying on last week’s level. It’s almost historic to see that the Danes are slightly ahead of the Dutch, almost having caught up with the Germans, according to Schweine.net.

Trend: Across Europe there are increasing indications that the market is bottoming out. Live animals are being sold without a problem. The developing of the meat business, on the other hand, proves to be rather unclear.

View the Schweine.net story by clicking here.

5m Editor