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EU Pig Prices: Belgium and Netherlands Show Optimism

by 5m Editor
9 April 2013, at 9:54am

EU - Owing to the trend reversal producers have been longing for, the European slaughter pig market is playing it safe this week.

No clear price increase has been observed so far, but in some countries the corrected quotations went up slightly.

The Belgian and Dutch markets appear optimistic, their prices increasing by a corrected 1.2 and 0.9 cents respectively.

Great Britain was able to take back last week’s price decrease for the most part, having its pig quotation increase by a noticeable 4.8 cents.

Germany, Denmark, Austria and Ireland, however, were not able to trigger a price increase. The Spanish quotation as well came to a halt on the level already achieved.

The German quotation acts as an indicator again. Because of the weather, scarce meat sales and calm export activities have been preventing price increases.

Trend for the German market: Temperatures are tipping the scales currently in the meat market. As announced, temperature rise as of mid-week would start off the barbecue season. In addition, market participants expect a decrease in the quantities of live pigs on offer, so the desired price increase may move closer.

WeekDNLDKBFPLCZITESPAUTGBIR
Week 8 1.656 1.557 1.630 1.569 1.628 1.620 1.589 1.899 1.794 1.581 1.700 1.642
Week 9 1.626 1.557 1.630 1.556 1.631 1.623 1.591 1.899 1.809 1.581 1.707 1.642
Week 10 1.626 1.557 1.630 1.556 1.632 1.632 1.590 1.854 1.814 1.581 1.713 1.642
Week 11 1.626 1.557 1.603 1.556 1.640 1.638 1.600 1.816 1.818 1.581 1.745 1.642
Week 12 1.626 1.557 1.603 1.556 1.696 1.642 1.593 1.759 1.818 1.561 1.782 1.642
Week 13 1.626 1.557 1.604 1.569 1.678 1.633 1.581 1.730 1.818 1.561 1.827 1.642
Week 14 1.626 1.557 1.604 1.569 1.671 1.593 1.715 1.818 1.561 1.775 1.642
Week 15 1.626 1.566 1.604 1.581 1.653 1.627 1.818 1.561 1.813 1.642
Prices in Euros (€)



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)


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