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EU Pig Prices: Price Decline Stops Temporarily

by 5m Editor
5 October 2010, at 1:12am

EU - This week, the European slaughter pig market has reached the bottom and the price decline has been stopped for the time being.

The majority of quotations were able to maintain existing levels. The German quotation, as head quotation, started to move sideways, and thus did the Dutch, Danish, Belgian, Austrian and Swedish prices. The overall sufficient supply can be sold in a spacious way. The Austrian backlog supply could be scotched through retail auctions. The German, Danish, French and Belgian quotations are roughly similar to each other at present. The Netherlands bring up the rear among the five member countries holding the majority of pigs within the EU.

The slaughter pig prices continued to fall in France, Spain and Ireland as a result of very large quantities of slaughter pigs being on offer there. Furthermore, Spain still has to cope with the effects of last week’s general strike; on top of that, the Spanish are facing the next public holiday. In the Czech Republic, the prices also still tend downwards. In the meantime, there are reports from the Dutch that fewer pigs will be on offer this week. Nevertheless, the Dutch producers’ representatives now recommend that the producers deliver their pigs for slaughter continuously, in view of the increasing feed costs and of the market which is unsteady for seasonal reasons.

Market trend for Germany: So far, no pressure is being exerted on the physical pigs-mature-for-slaughter business by the large quantities of live pigs on offer. Thus, the market is steady for the most part and the quotation most probably can hold on for the time being.

Week D NL DK B F PL CZ IT ESP AUT GB SWE IR
Week 33 1,446 € 1,398 € 1,406 € 1,433 € 1,406 € 1,540 € 1,502 € 1,532 € 1,664 € 1,355 € 1,640 € 1,190 € 1,305 €
Week 34 1,446 € 1,398 € 1,406 € 1,433 € 1,442 € 1,526 € 1,504 € 1,532 € 1,626 € 1,355 € 1,621 € 1,194 € 1,305 €
Week 35 1,376 € 1,331 € 1,407 € 1,359 € 1,443 € 1,530 € 1,497 € 1,544 € 1,582 € 1,284 € 1,618 € 1,207 € 1,305 €
Week 36 1,376 € 1,331 € 1,380 € 1,359 € 1,424 € 1,548 € 1,476 € 1,544 € 1,521 € 1,284 € 1,593 € 1,215 € 1,305 €
Week 37 1,376 € 1,331 € 1,380 € 1,359 € 1,408 € 1,448 € 1,461 € 1,595 € 1,483 € 1,284 € 1,589 € 1,251 € 1,305 €
Week 38 1,336 € 1,302 € 1,353 € 1,334 € 1,399 € 1,444 € 1,442 € 1,595 € 1,470 € 1,243 € 1,542 € 1,247 € 1,305 €
Week 39 1,316 € 1,273 € 1,325 € 1,310 € 1,352 € 1,595 € 1,437 € 1,222 € 1,488 € 1,250 € 1,305 €
Week 40 1,316 € 1,273 € 1,325 € 1,310 € 1,321 € 1,570 € 1,392 € 1,222 € 1,248 € 1,267 €


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; farm-gate-price; 79 per cent killing out percentage, without value-added-tax (VAT)


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