EU Pig Prices: Significant Price Increases in Europe
EU - The European pig slaughter market is still friendly and almost all prices have increased considerably.
Cross-border supply is described in pigs for slaughter as scarce. The European export prospects estimate market participants due to the weakness of the euro as particularly promising.
At its peak, Belgium and Austria achieved price increases of a corrected 7 cents.
More moderate prices were seen in Spain, the Netherlands and France. Denmark and the UK only grew by 2.7 and 3.6 cents corrected.
Overall, since week 5, the German quotation has moved to about 19 cents corrected. A price increase at the same level was reached the Netherlands.
The loser seems to be Denmark, which has dropped to fourth place out of the five largest pig holding countries in the EU.
Trend for the German market:
The pig slaughter market was balanced at the beginning of the week. The tight supply comes with the increasing demand into balance. At month end, no new impulses in the domestic market were expected, so prices should stabilise.
