EU Pig Prices: Optimism with the Coming of Spring07 March 2013
EU - The European slaughter pig market appears to be stable again this week.
German slaughter companies have calmed down after naming discounted prices last week. All in all, demand and supply are reportedly well-balanced. The majority of corrected quotations in the EU member countries are reported to remain unchanged.
As the market leader, Spain continues its upward trend through notably good demand. Therefore, the quotations has risen slightly by a corrected 0.5 cents. This way, Spain is able to reinforce its top position among the five major pig producing countries in the EU.
Great Britain has also reported a substantial raise. France reports a corrected €1.63 per kg slaughter weight and Germany €1.626 per kg slaughter weight.
Trend for the German market: Nothing appears to be left of last week’s pricing pressure. Demand by slaughter companies for slaughter pigs can be covered by the usual quantities on offer. Currently, the findings of aflatoxin in feedstuffs do not interfere with sales. But they also do not contribute to consumers' trust in foodstuffs. The start of the month as well as of spring have raised hopes that prices at least remain constant.
|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)