Pressure on Market Forces EU Pig Prices Down17 January 2013
EU - This week, the European pig slaughter market is to be weak.
Declining pig prices are being recorded in many countries. On Thursday, Denmark quoted a 2.7-cents price decrease.
The German leading quotation, which went down by a corrected three cents as a result of the slaughter companies’ exerting pressure, plays a decisive role again with regard to the European price trends.
Thus, Germany ranks fourth behind France, within the price structure of the five major pig producing EU countries. The overall extensive supply of both quantities and high slaughter weights, however, is a problem.
The French market is said to be well balanced, with the quotation moving sideward and the price trend estimated to be steady.
Spain remains top in the European price structure with its unchanged quotation.
Trend for the German market: The large quantities make it hard for the market to settle down. According to slaughter companies, the meat business is not at all satisfying, with exports still missing stimulus. The further price development cannot be forecast.
|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)