EU - The European pig slaughter market is continuing to fall.
The quotations fell considerably, but the fall in prices has not been as severe as it was the week before.
For seasonal reasons, the quantities of pigs for slaughter are high across the borders and together with the market participants’ unsettledness they make price corrections occur.
At the beginning of last week, the situation had started to lighten up in Germany, but the market was not quite able to stabilise.
Because of pressure from some German slaughter companies, the Germany quotation went down by four cents and the quotations in many European countries fell by a similar amount.
With its corrected seven cents, the Spanish price fell further. One year ago, the German and Spanish price levels were about 30 cents higher than the current price level.
Trend For The German Market:
After the last weeks’ price falls, the backlog in supply has now been gradually reduced. The producer’s readiness to supply is gradually getting back to normal, allowing the market to assert itself again over the next days.