Altogether, the situation on the slaughter pigs market proves to be mostly steady throughout Europe this week. The quotations in Ireland and Denmark only went down by a corrected 2.7 and 3.8 cents, respectively. Currency fluctuations between the Euro and the UK Pound Sterling or the Swedish crown are said to be the reason for price increases in Great Britain and a drop in quotations in Sweden.

From most of the European countries, supply is reported to be above average for this time of year. As a result of the summer temperatures, the slaughter weights are decreasing in Spain and Italy. The clear price increases which were reported from Italy recently are also said to be a result of small volumes produced. Unchanged prices are announced from the Netherlands. There, one is watching the development of feedstuff prices and weather or not pig prices are likely to increase with the feedstuff prices increasing.

Trend: With the summer holidays coming to an end in ever more German states, the pork sales are increasing slightly. Yet, no price increase can be enforced in meat sales. The quantities of pigs for slaughter are continually rising and are smoothly sold on the market. Thus, the market situation is not expected to change a lot this week in the first instance.

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)