EU Pig Prices: Confidence Returns

EU - The EU slaughter pig market shows some inconsistency this week, but there are signs of confidence.
calendar icon 22 April 2008
clock icon 2 minute read
Prices increased throughout Europe, as a result of decreasing supply.

Making for a three cents’ increase in Germany, which again was the forerunner. It jumped ahead of the French quotation which fell back slightly.

It was business as usual for the Dutch, who followed the copycats of the Germans and again ranked higher than Denmark. Danish quotations fell by almost three cents, leaving Denmark trailing behind the rest of Europe.

A rumour that export allowances for pork would be cancelled was refuted and market tension was clearly revived. However, in all states but Austria, the meat business continues to be weak. There are also increasing concerns about May's prospective business due to the a number of bank holidays. On the production front the situation remains static, which is a concern. The Canadian government has responded to the pig keepers’ bad profitability by starting to subsidise sow slaughtering, granting a CAN$225 (€139) minimum price.

Trend: The price slide seems to have come to an end in Europe. In view of large stock quantities existing, the prices are not going to rise up to the sky on a short term. With the weather forecast looking good, people hope to be BBQ-ing.

View the story by clicking here.
© 2000 - 2024 - Global Ag Media. All Rights Reserved | No part of this site may be reproduced without permission.