EU Pig Prices: Price Rally Goes on27 August 2013
EU - Prices have started to rally on the European slaughter pig market. The atmosphere continues to be optimistic, with quotations going up perceptibly across the continent.
However, the quantities available are still insufficient to cover the slaughter companies’ demand.
Both Spain and France did well over the past week despite last week’s public holidays and set a new price increase target on Thursday.
With its corrected 5.6 cents, France has recorded the largest price increase compared to last week.
After the latest rise in prices, Germany has its highest annual value of a corrected €1.876 , slightly behind France with its corrected €1.881.
Denmark is behind the Netherlands among the five major pig-producing EU countries.
Irish producers have had to settle for unchanged prices for the last nine weeks.
As a result of currency fluctuations, the British quotation has gone down slightly.
Trend for the German market: This week, the scarce quantities on offer are still characterising the market situation. According to reports, live pigs will continue to be in demand for the time being. Whether the price increase will be temporary or whether it will proceed continually remains to be seen.
|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)