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EU Pig Prices: Hope for Price Increase in Germany

3 March 2017, at 6:00am

EU - The European slaughter pig market is still navigating in calm waters.

The majority of quotations appear unchanged for slaughter pig prices this week. One of the main reasons for that is the German leading quotation, having remained on the level achieved of a corrected 1.47 euros for the fourth week in a row. The quotations are also treading waters in the Netherlands, Denmark, Belgium, and Austria. A positive note is being hoped for in Germany.

A positive trend has appeared in the southern European countries over the past weeks. The Spanish and French quotations went up gradually. Most recently, the Spanish quotation went up more significantly; so now it approaches the current leader, France, who ranks first among the five EU member countries that stand out in pig keeping. France only just maintains the top position in the price structure.

Trend for the German market:

Demand continues to be good for slaughter pigs at the European live animals’ market. The marketers’ efforts to close gaps in disposition are very intensive. From today’s point of view, a moderately friendly price development seems to be possible.

(Source: ISN - Interessengemeinschaft der Schweinehalter Deutschlands)

Explanation
1) corrected quotation: The official Quotations of the different countries are corrected, so that each quotation has the same base (conditions).
2) These quotations are based on the correction formulas applied since 01.08.2010.
base: 57 per cent lean-meat-percentage; farm-gate-price; 79 per cent killing-out-percentage, without value-added-tax

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