EU Pig Prices: Well Balanced Markets at Start of 201303 January 2013
EU - Hardly any movement was noticed on the EU pig slaughter market this current week of slaughter. No reports about price changes worth mentioning are given by any country.
Slaughters as well as meat trades were run at the lowest level over the Christmas holidays, now gaining momentum again.
Taking a look back on 2012 completely, the British rank first in the 2012 EU pig prices comparison with their converted 1.79 euros per kg. Spain ranks second (1.77 euros per kg) and Italy third (1.75 euros per kg).
Germany, France and Denmark were competing neck to neck in 2012, thus being only midfielders with their corrected average 1.65 euros per kg.
Compared with 2011, the German price in particular was able to go up disproportionately.
While, compared with 2011, the average prices went up by 15 cents in France and by 16 cents in Denmark, the German pig keepers made almost 19 cents more in 2012 than they did the year before.
Trend for the German market: Currently, the slaughter bands are running at full speed. Backlog supply that arose is now sold little by little. The meat processors’ needs also increases, after all activities had rested in many companies as a result of vacation close-downs. Yesterday’s internet stock market shows that additional batches are hardly looked for at present. The coming days will show how fast the market will normalise again and whether or not the prices will remain on an unchanged level.
|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)