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EU Pig Prices: Scarce Supply is Boosting Prices

30 June 2016, at 6:00am

EU - Across the borders, Europe’s pig slaughter market remains characterised by short supply of live pigs on offer.

The quantities of pigs on offer as well as the slaughter weights are decreasing, with pigs for slaughter being in great demand. As a response, the quotations are increasing in many countries.

With its 3 cents’ plus, Germany again gave the direction, with many countries following suit at a similar level.

Recording a corrected 5 cents’ plus, the Dutch quotation went up in a more pronounced way than did the German leading quotation. This way, the Dutch have closed ranks again with the other countries.

Yet they are still bearing the red light in the ranking of the five EU member countries most significant in pig keeping. The Spanish quotation succeeded in further extending its top rank, now approaching the 1.70 euros per kg slaughter weight limit.

Unchanged quotations are reported on from Denmark, Ireland and Great Britain, the British unchanged quotation being attributed directly to the Brexit referendum. A quotation plus with the corrected price on ISN standard amortises as a result of the significantly fallen British pound.

Trend for the German market:

At the beginning of the new calendar week, the mood remains friendly on the pig slaughter market. The quantities of live pigs on offer remain scarce. So, batches offered at short term also continue to be strongly asked for. The prospects remain steady at least.

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