EU Pig Prices: Cheerful Sentiment in Markets

In Germany, the Netherlands, Belgium and Austria, the prices remained on an unchanged level. In Spain, Denmark and France, the prices went up again by 3 to 5 cents. The prices in Great Britain and Sweden remained unchanged; the corrected prices there, however, went up as a result of exchange rate changes.

The poor growth of the euro caused many European countries’ exports towards third countries to be stimulated quite noticeably. From the South European countries, reports continue to come in about further declining slaughter weights. Tuesday last week, pig feeders in Belgium ran against the Belgian Westvlees slaughter company, the price increases of which they supposed to be too marginal compared with other European price increases. Westvlees thereupon increased the prices by 2 cents per kg, and further negotiations related to pig pricing were agreed to be planned.

Trend: For the days ahead, the market participants expect the quantities of pigs for slaughter on offer to remain constant . At the same time, the demand for pork, which hasn’t been quite satisfactory of late, is anticipated to get stimulated again after the carnival season. Thus, the producer prices are expected to remain steady at least this week.

Explanation
¹corrected quotation: The official Quotations of the different countries are corrected, so that each quotation has the same base (conditions).
base: 56 per cent lean-meat-percentage; farm-gate-price; 79 per cent killing-out-percentage, without value-added-tax (VAT)