EU - The movement on the EU slaughter pig market this week was predominantly encouraging.
The most considerable rise in prices was seen in Spain and France with a 6 cent increase per kilo slaughter weight, compared to last week’s prices. Demand for pigs and pork in both countries is reported to be very good.
This is attributed on to domestic demand that usually increases at this time of the year because of the holiday season and also exports to Asia are going well.
Slaughter companies from these countries, however, are complaining about the gap getting ever larger toward the German quotation and the relative decreasing competitiveness of their products.
The German quotation went up by no more than 2 cents, but this price increase is not being accepted by all slaughter companies.
In the countries neighbouring Germany, considerable price increases could not be enforced.
From Austria and the Netherlands, reports are coming in about unchanged prices. Belgium has recorded a 1 cent price increase.
Danish Crown’s quotation in Denmark is close to the German quotation, and the prices the company was paying for slaughter pigs increased by nearly 3 cents.
Trend for the German market: The slaughter companies in Germany have created some degree of uncertainty among producers. Demand for slaughter pigs covers the companies’ needs at present. Hopes are rising with good weather prospects for the Easter holidayIf the demand for pork starts up again, there should be no negative effect from the missing days of slaughter over the weeks to come. Payment prices are expected at least to stabilise.
TheMeatSite News Desk