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EU Pig Prices: Early Time for Giving

by 5m Editor
14 December 2010, at 1:24am

EU - Quite untypical for this time of year, the European slaughter pig market proves to be exceptionally lively

The prices are rising perceptibly for the most part. With its 3 cents’ increase, the German quotation expands its lead again, thus standing out from the quotations of the other five EU member countries richest in pigs. Only five weeks ago, the prices were far closer to each other. The Dutch quotation again followed the German price, thus surpassing the Danish level for the first time since the beginning of this year. In Belgium and Austria as well, the prices went up considerably, whereas the price increases were a little more moderate in Spain and France.

Despite slightly increasing prices in the Czech Republic, the corrected quotation there remains a little below last week’s level as a result of exchange rate changes. With the beef prices having increased immensely, the pig prices are given a tail wind, because the consumers fall back upon the more favourable pork therefore. In addition to that, the lower temperatures have the daily growth in pig feeding be left behind the usual values. The producers do not withhold from supply as a response to the steady price trend, but rather supply swiftly with regard to the Christmas holidays. This is also revealed by lower slaughter weights.

Market trend for Germany: Demand for pigs for slaughter continues to be brisk, and the marketers are still looking for pigs imploringly. The producers are in a position to supply their pigs at short notice. As a consequence, no backlog supply is created currently and is not expected to be. Taking a look on the reduced activities in slaughtering, the prices are expected to develop in a steady way over Christmas.

Week D NL DK B F PL CZ IT ESP AUT GB SWE IR
Week 43 1,316 € 1,264 € 1,324 € 1,310 € 1,314 € 1,337 € 1,387 € 1,468 € 1,359 € 1,222 € 1,425 € 1,269 € 1,247 €
Week 44 1,346 € 1,273 € 1,325 € 1,310 € 1,305 € 1,337 € 1,374 € 1,468 € 1,357 € 1,222 € 1,451 € 1,254 € 1,247 €
Week 45 1,346 € 1,273 € 1,325 € 1,310 € 1,303 € 1,356 € 1,364 € 1,494 € 1,359 € 1,222 € 1,452 € 1,315 € 1,247 €
Week 46 1,366 € 1,283 € 1,325 € 1,334 € 1,303 € 1,343 € 1,359 € 1,481 € 1,359 € 1,263 € 1,481 € 1,305 € 1,247 €
Week 47 1,366 € 1,283 € 1,325 € 1,334 € 1,304 € 1,306 € 1,354 € 1,481 € 1,359 € 1,263 € 1,481 € 1,305 € 1,247 €
Week 48 1,366 € 1,293 € 1,325 € 1,334 € 1,306 € 1,315 € 1,352 € 1,468 € 1,359 € 1,263 € 1,526 € 1,312 € 1,247 €
Week 49 1,396 € 1,312 € 1,325 € 1,347 € 1,304 € 0 0 1,468 € 1,359 € 1,284 € 1,550 € 1,261 € 1,247 €
Week 50 1,426 € 1,340 € 1,325 € 1,384 € 1,310 € 0 0 1,430 € 1,374 € 1,325 € 0 1,277 € 1,247 €


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)