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EU Pig Prices: Balanced Markets

29 September 2016, at 12:00am

EU - Over the week that has just passed the prices on the European pig slaughter market have stabilised on the level achieved.

In most of the participating countries, the quotations went up to new annual highs. This is rather untypical for this time of the year.

As a result of hot temperatures, pigs grew slower in France, Spain, and Italy. Consequently, the slaughter weights were lower. The quantities on offer are just under being sufficient.

On the other hand, the markets are reported to be balanced in Germany, Austria, Belgium, the Netherlands and Denmark.

The batches on offer are being sold swiftly. There is neither backlog supply nor undersupply to the slaughter companies. Great Britain’s 2-cents’ price decrease must be attributed to the weak pound Sterling for exchange rate reasons.

Trend for the German market:

At the end of the current week of slaughter, the business with pigs for slaughter is still is going smoothly. The livestock marketers report the quantities on offer being declining by trend. For that reason, the day of slaughter which is going to be missing on 3 October will not have negative impact. From today’s point of view the prices are expected to remain unchanged furthermore.

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