Last week’s increase of quotation needed to be revoked in the face of massive pressure exerted on the part of the slaughter companies. In Spain, the price went down by a corrected 1.7 cents after a nine weeks’ period of constant prices. With the prices in Spain not having increased over the summer months as they usually do, it remains to be seen whether or not a slow patch has been started for the weeks ahead. On top of that, Austria and Great Britain had to accept slight price decreases of around 2 cents.

Currently, the summer holiday season is still being reflected on the meat markets. The slaughter companies are complaining about difficulties in selling the meat on the EU markets, which goes for high-quality parts in particular. Yet processed meat is very well sold in third markets at the same time.

Trend for the German market: The slaughter pig market proves to be well-balanced this week, after turbulent prices were noted last week which were a result of the slaughter companies’ completely incomprehensible price policy. The usual to slightly larger quantities of slaughter pigs being on offer can be sold easily to companies. Therefore, the market participants expect the price level to remain on a stable level for the week ahead.

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)