Altogether, the quotations defy the seasonally large quantities of pigs mature for slaughter on offer. Last week’s price level was reached almost everywhere in the European environment. The mood is exceptionally good on the Swedish market. Prices were moving to the north in a perceptible way. The Spanish quotation went up only marginally, and as they say there the prices may have bottomed out meanwhile.

Downward trends were only observed for quotations in Poland and in the Czech Republic. Over the last weeks, the price decreases slowed down noticeably in Eastern Europe. Considerably less pork was produced in the Czech Republic. In the third quarter of 2010, 3.9 percent less pork was produced in comparison with the same period last year. From June to August 2010, 9 percent more pork was imported into the Czech Republic than was the year before. More than half of it was from Germany, and demand lasts. In France, the price went slightly down as a result of the day of slaughter missing on 1st November.

Market trend for Germany: The quantities of pigs for slaughter on offer still are at equilibrium with the demand from the slaughter companies. For that reason, the situation is expected to remain steady in the near future.

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)