EU Pig Prices: Markets Stay Unchanged; Demand, Supply Balanced

EU - This week, the European slaughter pig market presents itself in a mostly balanced way once again.
calendar icon 31 August 2017
clock icon 3 minute read

Along the lines of the German leading quotation, the majority of slaughter pig quotation are staying unchanged along with the Dutch, Belgian and Austrian quotations. The Danish quotation has also stopped last week’s downward trend and is back to remaining constant once again.

Not least because of the stimulus missing on the meat market and because of the massive stress of competition experienced on the pork export markets, price quotations of slaughter pigs are missing room for a price increase. This explains why the quotations are hardly moving.

The slaughter pig quotations are slightly weaker on the Spanish, French and British markets. With the slight drop in temperatures in Spain, pigs are growing faster again because of improved feeding. Despite the slightly decreasing prices, Spain still ranks first within the European price structure of the five EU member countries most prominent in pig-keeping, reporting an average price of a corrected €1.88.

Meanwhile in France, last weeks’ downward trend is continuing. Reporting a price drop of 2.6 cents, the French are sliding to third place. Although the market is being relieved by currently run campaigns in the French food retail sector, pork imports from Spain are exerting price pressure.

Trend for the German market:

According to some reports from marketers, the ratio between pigs mature for slaughter and demand from slaughter companies appear well-balanced at the start of this week. At the same time, the market participants’ basic mood proves to be friendly. So, based on these observations, prices are expected to remain, at the very least, unchanged.

(Source: ISN - Interessengemeinschaft der Schweinehalter Deutschlands)

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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