Germany Stops Pig Price Fall12 November 2013
EU - The European slaughter pig market was unsteady at the start of the week.
Germany’s 3 cents’ price increase has given the market an important positive impetus. Towards the end of last week, the German market situation turned clearly; the demand for live pigs improved greatly.
Together with the German quotation, the Dutch and Austrian quotations also went up. In Great Britain, the quotation rose as well, while the Belgian and Irish quotations remain constant.
The slaughter pig prices, on the other hand, continued to go down in the southern member countries.
The past public holiday has posed as a problem in the French market. On top of that, the situation is being stirred up after a slaughterhouse was closed down in the French region of Brittany.
As a result of that, the German quotation ranks third again in the five major pig-keeping countries’ price structure - behind Denmark, where the quotation went slightly down again.
Trend for the German market: At present, the balance is neutral between supply and demand for live pigs. Consumers appear to be willing to buy; slaughter pigs are easily being placed at the market. From today’s point of view, the market situation is expected to remain steady.
|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)