EU Pig Prices: Is the Trend Being Reversed?06 February 2013
EU - There is only little movement on the EU slaughter pig market this week. In the northern EU member countries, the quantities on offer are in demand and are quickly sold.
Until now, weakening meat demand has prevented the quotations to rise. Many pig halves still are stored in cold-storage warehouses and there is still hope for the meat prices to increase over the course of the year. In succession, the pig prices remained at last week’s level in the northern EU member countries.
In Southern Europe, however, the mood is lightening a little. Reports are coming in from France and Spain of slaughter weights that are partly reduced clearly. This might be an indication of an increasingly scarcer supply.
Contrary to what is heard from the rest of Europe, there are no complaints from Spain about a weakening export business.
Quite the opposite: The demand from abroad seems to be increasing, so that the price in Spain went up by +1 cent. Comparing the five major pig-keeping member countries, you will find Spain further distancing itself, now being ahead of Denmark (which ranks second) by 11 cents.
Trend for the German market: This current week, the trend shows that supply is decreasing on the live market. At the same time, demand continues to be good on the part of the slaughter companies. This kind of positive trend is also appearing on the internet "Schweineboerse" pig auction marketplace. There, batches were traded in at prices of up to €1.71 per kg. From today’s point of view, a price increase is quite a realistic prospect for the week of slaughter ahead.
|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)