EU Pig Prices: Market Balanced - Prices Steady23 January 2013
EU - With the onset of winter, pig slaughter prices are stabilising all over Europe. The corrected quotations are moving sideways.
The backlog supply that arose over the turn of the year has finally been sold and slaughter prices could be maintained again.
After last week’s price decreases, Denmark, Germany and the Netherlands also recorded an unchanged price. Meat sales still are unsatisfactory.
According to Boerderij, German slaughter companies are looking for refrigerating storage houses in the Netherlands because their own are already full.
For the first time since Christmas, French producers have had to accept noticeable price reductions of up to 2.3 cents.
In France, the quotation had long defied the weaker European trend but has given in at last, as demand is weak compared with the quantities on offer.
On the other hand, the Spanish market is showing a firm trend; the slaughter companies there need to try and get their slaughter belts running at full capacity.
Trend for the German market: The quantities of pigs for slaughter on offer are back to normal, helping the market situation become balanced again. According to first reports, the export business runs up again quite cautiously, while the domestic meat sales are still waiting to gain impetus again. Altogether, steady prices may be expected. Currently, there’s no upward scope left.
|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)