EU Pig Prices Falling Further24 December 2013
EU - In the last week of slaughter in 2013, the European slaughter pig market has seen a large quantities of pigs on offer.
Many days of slaughter are missing over the Christmas period and there is a cross-border feeling that a lot of pressure still exists on supply.
As a consequence the prices are going down throughout Europe.
In France as well as in Spain, where quotations had remained comparably steady until now, prices went noticeably down.
The German leading quotation, which started the downward trend on the first Sunday of advent then bringing in the quotations from neighbouring countries, was the main reason for the pre-Christmas price pressure.
In Germany, the price has gone down by a corrected total of 20 cents. The German way of pricing is being criticised by a number of participants in the market from various EU member countries. From Spain, for instance, there is word that the German price is regarded as unpredictable. Austrian farmers say that the German pricing model is in urgent need of reform.
Trend for the German market: With just one day left until Christmas, the slaughter pig market is, as expected, just a small realignment. The quantities on offer have been placed, and short-term supply appears to be bad.
|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)