EU Pig Prices: Trend Continues to Stay Positive29 January 2014
EU - The trend continues to be positive on the European slaughter pig market this week.
The price increase is again triggered from Germany this week. Slaughter companies’ demand for live pigs is quite brisk despite all those complaints about the meat business; thus, it cannot always be covered.
The German quotation has risen up by about 4 cents, being followed by the Austrian, Dutch and Belgium quotations. Spain and France as well are recording a slight price increase.
The French slaughter weights went down considerably (minus 300 g). In Spain, the market participants are still dissatisfied with the export situation, hoping for relief through re-opening of the Russian market and new impetus from China.
Once again, the Danish quotation proves to live a life of its own, tending to stay unchanged. The same goes for Ireland, whereas the past weeks’ negative trend is continuing in Great Britain.
Trend for the German market: The mood continues to be optimistic on the slaughter pig market. According to the slaughter companies’ marketers, the current price level is being accepted without resistance. At the same time, pigs for slaughter can be placed on short call and demand keeps good. So, from today’s point of view, the trend is expected to remain positive for a while longer.
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)
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