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EU Pig Prices: Quotations Range from Unchanged to Slightly Positive

8 March 2017, at 6:00am

EU - Spring is awakening on the European slaughter pig market.

All in all, quotations appear to range from unchanged to slightly positive. The quantities of pigs for slaughter on offer are not too abundant in most of the countries but in spite of this minor setback, brisk demand is being met.

Therefore, the long-awaited signal from Germany has finally come to many market participants. The German leading quotation went ahead on Wednesday, going up 2 cents to a corrected price level of €1.49 per kg slaughter weight. The same applies to prices in Spain, the Netherlands, Belgium, Austria and Ireland.

Prices in Denmark and France remain unchanged. For this reason, and resulting from the latest price increase observed in Spain, the top flight reconstitutes in the European price structure. Now, Spain is back to ranking first among the five EU member countries that stand out in pig-keeping. Thus, the French quotation now ranks second.

Trend for the German market:

The market situation continues to be characterised by vivid demand on the live animal market. Positive stimuli are being talked about on the meat market at the beginning of the month.

(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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