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EU Pig Prices: Supply and Demand Well-Balanced

by 5m Editor
22 March 2011, at 9:45am

EU - The European slaughter pig market presents itself in a steady way on a broad basis this week.

Apart from just a few exceptions, the quotations are moving sideways. The heading, unaltered German quotation is of great influence without which the neighbouring countries, such as the Netherlands or Belgium, would not dare going it alone. They say that in Belgium good demand meets comparably scarce supply of pigs mature for slaughter. The only thing missing is impetus given by Germany. Denmark was able to increase its quotation by a corrected 2.7 cents, thus farther differing from the German quotation. The gap between the Danish and French quotations was reduced considerably.

The British quotation entered a corrected 4.5 cents’ price increase on the credit side. On the British Isles, the consumers need to dig deeper into their pockets in order to be able to save for themselves the decreasing quantities of pigs mature for slaughter. Bacon prices went up considerably. The strong euro and the increased import prices related with it are supportive of the ailing British pig keeping industry. The AMI sees the possibility of increasing need of pork imports in Japan as a result of the catastrophic developments there. Currently, the Japanese rate of self-sufficiency is as much as 55 per cent with regard to pork.

Trend for Germany: In the northwest in particular, the quantities of pigs mature for slaughter meet exceptionally strong demand. Therefore, the prospects are expected to be friendly.

Week D NL DK B F PL CZ IT ESP AUT GB SWE IR
Week 5 1,276 € 1,245 € 1,341 € 1,273 € 1,355 € 1,218 € 1,363 € 1,481 € 1,499 € 1,222 € 1,389 € 1,061 € 1,247 €
Week 6 1,366 € 1,321 € 1,382 € 1,347 € 1,406 € 1,334 € 1,349 € 1,525 € 1,556 € 1,314 € 1,408 € 1,985 € 1,286 €
Week 7 1,366 € 1,340 € 1,422 € 1,347 € 1,445 € 1,323 € 1,355 € 1,532 € 1,611 € 1,314 € 1,411 € 1,987 € 1,286 €
Week 8 1,366 € 1,340 € 1,422 € 1,347 € 1,459 € 1,332 € 1,368 € 1,532 € 1,649 € 1,314 € 1,444 € 1,995 € 1,286 €
Week 9 1,366 € 1,321 € 1,422 € 1,347 € 1,468 € 1,339 € 1,389 € 1,532 € 1,670 € 1,314 € 1,440 € 1,015 € 1,286 €
Week 10 1,366 € 1,321 € 1,422 € 1,347 € 1,468 € 1,352 € 1,404 € 1,532 € 1,676 € 1,314 € 1,458 € 1,015 € 1,286 €
Week 11 1,436 € 1,379 € 1,448 € 1,421 € 1,490 € 1,406 € 1,532 € 1,676 € 1,386 € 1,463 € 1,018 € 1,324 €
Week 12 1,436 € 1,379 € 1,475 € 1,421 € 1,492 € 1,532 € 1,676 € 1,386 € 1,508 € 1,007 € 1,324 €


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)