EU Pig Prices: Markets Calming Down21 March 2013
EU - Once again, the European slaughter pig market appeared to be steady at the start of the week.
Majority of quotations remain unchanged, compared with last week’s levels.
As a result of slower demand, there seems to be little room left for increase.
The Spanish quotation still remains constant, thereby breaking the record for price increase which has lasted for weeks.
The clear price increase in France (up by a corrected 5.6 cents) is prominent this week. The French quotation scratches the 1.70 euro limit, thus distancing itself from the European mid-fielders. It now clearly exceeds the German quotation by a corrected 7 cents.
In France, demand by slaughter companies was noticeably higher than the quantities of live pigs on offer. It has been reported that in order to secure price increases, overall demand needs to be improved.
The British quotation is also going up noticeably, approaching the Spanish top level.
However, in Austria, supply has built up due to international target prices valid for the meat processing industry as well as weak sales in fresh meat.
Over the past few weeks, the German quotation has melted down to just 4 cents, the lowest value for more than 2 years, which currently stands at 6 cents.
Trend for the German market: While the slaughter belts are running at full speed, the slaughter pig market proves to be steady and well-balanced. In view of the coming Easter Holidays, it is likely that there will not be enough room left for price increases. Currently, there is no risk of price reductions. With missing days of slaughter in mind, marketeers have requested suppliers to have pigs registered in time.
|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)