Since there seems to be no room left for upward manoeuvre throughout Europe, the quotations altogether remained on the level achieved so far. The reason for this is that one day of slaughter was missing due to Whit-Monday celebrated in many countries. It was a decisive factor that the German quotation moved sideward, thus successfully defying the pressure exerted by local slaughter companies. At the same time, the price level is and will remain lagging behind expectations for all producers, in order to allow for cost-covering production.

The "midfielders’" corrected quotations are strikingly close to each other at this point. An issue particularly catching the eye is that the Spanish and British quotations are on a comparably high level right now. The fact that South Korea requires large amounts of pork might also be positive. According to the AMI ("Agrarmarkt Informations-Gesellschaft"; agricultural market informational association), South Korea plans to double their duty-free imports of pork. This would equal another 130 000 tons of pork without tariff burden imposed on it in the second half-year of 2011. Over the first quarter of 2011, Germany exported 3 850 tons of pork towards South Korea.

Trend for the German market: The slaughter pig market appears in an increasingly even and unchanged way. The pressure experienced last weekend evaporates a bit in a time. Since some slaughter companies continue slaughtering despite the church festival on Thursday this week (Corpus Christi Day), no backlog supply is expected to arise. Thus, the hope is rising that room will be left for upward manoeuvre in pricing at the beginning of July.

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)