EU Pig Markets Getting Steadier20 February 2014
EU - The situation is gradually easing in the European slaughter pig market.
However, many countries are witnessing a drop in slaughter pig price quotations. The decreases range from a corrected 1.3 cents in Belgium to as low as 5 cents in France.
For the first time ever since the Russian ban on imports was announced for pork from the EU, the Danish quotation went down as well.
Denmark, being a strongly export-oriented country, is particularly dependent on Russia as a trading channel.
Spain too has reported a drop in price quotations. However, prices are recovering for seasonal reasons.
An end to the slip in prices is signalled by a moderate price decrease observed in Germany. The quantities of slaughter pigs remain just below average and can be marketed promptly.
In Austria, the price decline could already be stopped with the quotation staying constant. Not a trace is left of the "Russian shock" on the local pig market, as is stated in the VLV market report.
In Ireland as well, the market situation appears unchanged, whereas the British quotation went up again.
Trend for the German market: This week, many marketers expect the market situation to go on getting steadier. The quantities of slaughter pigs remain just below average, while slaughter companies are relieving much of the stress that emerged over the past weeks. Altogether, they are able to purchase again. Therefore, prices are at least expected to remain unchanged.
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)