EU Pig Prices: Steady Until Christmas12 December 2012
EU - This new week of the numbers of slaughter pigs in the EU has not yet bottomed out across Europe.
Because producers are ready to sell, the numbers of slaughter pigs on offer are extensive and there are sufficient numbers to cover the meat industry’s needs.
With the unchanged German prices leading the quotation, the European price structure has stabilised again. The Netherlands, Belgium and Austria followed Germany’s sideward movement.
However, many quotations still tend to be weak. The Danish quotation, which has tended to go against the general trend over the past weeks, has not been able to withstand the pressure, going down by a corrected 2.6 cents.
At the same time, Denmark continues to be number one among the five major pig-keeping EU member countries with its corrected €1.77 per kg slaughter weight. The German corrected price level is €1.68 per kg slaughter weight.
Over the first eight months of this year, more than a million fewer pigs were slaughtered in Denmark than in the same period last year. Extensive piglet exports are said to be the reason. For 2013, the pork production is expected to go down by about four per cent.
Trend for the German market: Taking a look at Christmas Day, which is dated very unfavourably for slaughtering this year, it will be necessary to have slaughter pigs registered for pickup early. The pig producers appoear to be getting their pigs ready early, so that despite missing a few days of slaughter, the price level is expected to stay steady.
|Prices in Euros (€)|
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; farm-gate-price; 79 per cent killing out percentage, without value-added-tax (VAT)