EU pig prices: markets optimistic as prices flourish

Unusually for this time of year, most market members are experiencing positive price trends.

5 December 2019, at 11:36am

The price increases range from a corrected 4 cents in Great Britain to 6.1 cents in Belgium. Within this range, prices went up in Spain, Germany, the Netherlands and Austria.

There has been a noticeable decline in slaughter numbers within the EU while sales to China have risen sharply. In addition, the intra-European meat trade has also picked up speed recently and with it, the competition for pigs ready for slaughter. However, the meat industry is finding it difficult to push through higher retail prices across borders.

Both the Danish and French quotations remain stable this week. There, the quantities of pigs ready for slaughter on offer are sufficient. In addition, a national strike taking place today (5 December) is expected to affect logistics.

Looking at the structure of the top five pig-producing EU countries, Spain moves back to first place and pushes Denmark to second place. Germany is now marginally behind Denmark.

European pig price comparison by ISN
European pig price comparison by ISN

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 percent lean-meat-percentage; farm-gate-price; 79 percent killing-out-percentage, without value-added-tax. © ISN