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EU Pig Prices: Bottom Reached, Consolidations Start

06 November 2012
Go to schweine.net

EU - The European slaughter market has reached the bottom, now being in the phase of consolidation.

The quotations mostly can be maintained on the current level, apart from price reductions experienced in France and Denmark. The sideways movement of the German quotation is of vital importance, having a stabilising effect on other European quotations.

Compared with those in other European countries, the French pig keepers had to register the deepest fall in prices over the past six weeks with a corrected 23.6 cents. France slipped to be last on the list among the five major pig-keeping EU countries, within the European price structure. Owing to the public holiday on 1 November, France had fewer pigs slaughtered. In view of decreasing slaughter weights, backlog supply is not expected to pile up in France.

For the second time in a row, the price went down in Denmark. Denmark now ranks third again behind Germany.

Trend for the German market: Pigs as feedstock are very much in demand by the purchasing side. Even if some German federal states had a day off for a public holiday on 1 November, backlog supply is not a problem. The lowest price seems to be reached, and with the pigs mature for slaughter continuing to be sold smoothly, the price trend is expected to remain steady at least. On top of that, further impulse for demand is granted by the beginning pre-Christmas business.

Week D NL DK B F PL CZ IT ESP AUT GB IR
Week 38 1.846 1.781 1.799 1.840 1.932 1.862 1.903 2.165 1.961 1.796 1.882 1.632
Week 39 1.876 1.810 1.799 1.865 1.938 1.864 1.870 2.177 1.961 1.817 1.927 1.671
Week 40 1.876 1.810 1.826 1.865 1.937 1.898 1.872 2.190 1.961 1.817 1.941 1.671
Week 41 1.876 1.810 1.826 1.865 1.889 1.902 1.897 2.190 1.961 1.817 1.940 1.671
Week 42 1.846 1.781 1.825 1.840 1.834 1.882 1.890 2.190 1.949 1.786 1.944 1.671
Week 43 1.796 1.743 1.825 1.779 1.777 1.824 1.890 2.190 1.923 1.735 1.929 1.671
Week 44 1.776 1.714 1.799 1.729 1.724 1.857 2.119 1.873 1.694 1.957 1.671
Week 45 1.776 1.714 1.758 1.729 1.701 2.057 1.837 1.694 1.956 1.671
Prices in Euros (€)

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