In Spain, both the domestic and the export businesses are going well, as the price went up by another 2 cents. After its clear price increase over the past weeks, the French quotation slowed, increasing by a just 0.5 cents.

But in France, the atmosphere is also optimistic expecting a positive development, which has been attributed to demand from Spain improving for French pigs.

The demand for pigs for slaughter has also developed in a positive way in Germany. Despite the missing day of slaughter in some regions on Thursday (Feast of Corpus Christi), all pigs for slaughter could be placed promptly over the past week.

Because of the European Football Championship, the demand for German pigs for slaughter has grown. German pigs are mostly demanded from Eastern Europe and Poland in particular. As a result of the increasing demand for pigs and with prospects still being good, the producers’ association increased this week’s price by +4 cents.

Price increases were also reported from Belgium (+ 1 cent), Austria (+ 2 cents) and the Netherlands (+ 2 cents) which, however, were not as clear as the German price increase.

No change in prices was observed in Denmark this week. But the development is expected to continue in a positive way there, too, because the meat business gains momentum again, which goes for belly and back in particular.

Trend for the German market: After the concerted price was published, numerous large slaughter companies gave discount prices at the last week’s level. This way, they again went on collision course with the farmers. Currently, it is hard to see whether or not the discount prices may be maintained over the whole week. Yet, they should not be in a position to change the overall friendly market situation.

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)