EU - The mood on the European slaughter pig market at the beginning of the week was friendly, with quotations rising after last week's pause.
On an average, prices are ranging between a corrected Spanish 2.5 cents and Austrian 3.2 cents.
Germany provided the overall focus last week, recording a rise of 3 cents.
Despite the public holiday in some German states on the Feast of Corpus Christi, prices are increasing because of a market shortage. The shortfall in supply is also partly attributed to the increased cost being paid in the Netherlands to send pigs for slaughter and then exported to Germany.
The price increase was slower in France (a corrected 1.2 cents) than in the majority of EU countries.
Criticism is currently being levelled in France at how the European Commission is behaving with regard to the Russian ban on pork imports from the EU.
Trend for the German market: The mood continues to be optimistic on the slaughter pig market. The quantities of pigs for slaughter are meeting brisk demand from the slaughter companies. After last week’s public holiday and the long weekend in some of the German states, batches are being placed in markets at short notice. A friendly market situation is expected as a result of the Internet Pig Auction.
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)