The quotations are stabilising on the level achieved or do even increase noticeably. The pig prices are still moving upwards in Spain, France, Denmark and the Netherlands, where price increases of a corrected 2 to 5.5 cents were realised. This way, Spain even broke the limit of a corrected 1.60 Euros per kg slaughter weight, thus leading the European price structure now with a comfortable advantage. With their moderate increase in quotation, theNetherlandswere able to narrow the price gap between themselves and Germany. A lateral movement was observed of quotations in Germany, Belgium, Austria, Sweden and Ireland.

The price increases that were realised in Europe are mostly to be attributed to improved exports to third countries. In Germany, the domestic demand in the first place caused prices to stagnate whereas exports have not yet gone back to the level again they were on before the dioxin scandal. Thus, the slaughter companies could be supplied sufficiently out of the quantities of live pigs on offer.

Trend for Germany: The quantities offered of pigs mature for slaughter are taken by the market swiftly this week. The market is said to be in balance still. So, from today’s perspective the prices are expected to rise a little bit.

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)