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EU Pig Prices: Inconsistent Trend for Quotations

31 August 2010
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EU - The European slaughter pig market proves to be characterised by the trend being inconsistent this week.

The changes range from minus 7 cents to plus 0.4 cents. While the quotations fell in Germany, the Netherlands, Spain, Belgium and Austria, the price went up slightly in France. Unchanged quotations were reported on from Denmark, Ireland, Great Britain and Sweden. Slight displacements, connected to quotations in Great Britain and Sweden, are the result again of exchange rate changes.

The price slide observed on the German pig market, which was triggered by the German slaughter companies, made several neighbouring countries feel being put under pressure, too. In Spain they say the price decrease was caused by the slaughter companies trying to improve their margin. Clearly increased quantities of pigs for slaughter as much as the pressure to follow the German price slide are said to be the reasons for the minus noted in the Netherlands. The supply being limited with regard to current demand, the prices went up slightly in France.

Trend: Following the clear price decrease, the extensive quantities of pigs for slaughter can still be sold on the market without problems. Thus, the pig prices are currently expected to remain unchanged.

Week D NL DK B F PL CZ IT ESP AUT GB SWE IR
Week 28 1,396 € 1,340 € 1,433 € 1,371 € 1,434 € 1,425 € 1,515 € 1,392 € 1,671 € 1,325 € 1,646 € 1,194 € 1,343 €
Week 29 1,386 € 1,340 € 1,406 € 1,371 € 1,418 € 1,399 € 1,482 € 1,342 € 1,664 € 1,304 € 1,623 € 1,193 € 1,343 €
Week 30 1,446 € 1,398 € 1,406 € 1,445 € 1,394 € 1,430 € 1,491 € 1,367 € 1,664 € 1,355 € 1,620 € 1,198 € 1,343 €
Week 31 1,446 € 1,398 € 1,433 € 1,433 € 1,400 € 1,500 € 1,510 € 1,532 € 1,664 € 1,355 € 1.622 € 1,206 € 1,343 €
Week 32 1.446 € 1.398 € 1.433 € 1.433 € 1.402 € 1,545 € 1,501 € 1,532 € 1.664 € 1,355 € 1.625 € 1.199 € 1.343 €
Week 33 1,446 € 1,398 € 1,406 € 1,433 € 1,406 € 1,540 € 1,502 € 1,532 € 1,664 € 1,355 € 1,640 € 1,190 € 1,305 €
Week 34 1,446 € 1,398 € 1,406 € 1,433 € 1,442 € 1,526 €   1,532 € 1,626 € 1,355 € 1,621 € 1,194 € 1,305 €
Week 35 1,376 € 1,331 € 1,407 € 1,359 € 1,446 €     1,544 € 1,582 € 1,284 € 1,618 € 1,207 € 1,305 €


Explanation
1corrected quotation: The official Quotations of the different countries are corrected, so that each quotation has the same base (conditions).
base: 56 per cent lean-meat-percentage; farm-gate-price; 79 per cent killing-out-percentage, without value-added-tax (VAT)

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