EU Pig Prices: Friendly Trend Dominates Markets13 August 2013
EU - This new week of slaughter, the European slaughter pig market appears to be non-uniform. However, it is dominated by a friendly trend, with many quotations going up following the German rise in prices.
After a period of high summer temperatures and lower daily growth resulting from them, both slaughter weights and quantities slaughtered are declining significantly.
Price increases are reported from Germany, Belgium, the Netherlands and Austria.
The corrected British quotation went up as a result of currency fluctuations.
The slaughter pig prices remained unchanged in Denmark and Ireland.
Compared with the other five major pig-keeping EU member countries, even Spain is taking a break, although at a high level.
The French quotation went down by a corrected 2.6 cents. Pressure exerted on domestic trade as well as large winning margins related to German prices are regarded as reasons the drop in French prices.
Problems are reportedly about to arise with Italian ham exports. To top it off, one day of slaughter will be missing in some predominantly Catholic countries on 15 August (Assumption Day).
Trend for the German market: Currently, slaughter companies’ demand for slaughter pigs cannot be covered. In view of the supply situation which is expected to remain scarce, the market situation may be described as unusually vivid. From today’s point of view, the prices are anticipated to at least remain unchanged or even continue to go up.
|Prices in Euros (€)|
TheMeatSite News Desk