EU - With the number of slaughters still being high, the prices currently remain low.
At short notice, the situation may not be expected to change although exports to third countries have recovered. Increasing exports toward China and Korea in particular are reported about, whereas exports to Japan are stagnating.
After a long time of downswing and a price decrease of a corrected 50 cents per kg slaughter weight, the Spanish prices are maintaining the level of a converted 1.45 € per kg slaughter weight for the second week in a row.
Yet, the numbers of slaughter are reported to remain on a high level which is attributed to the continuing good weather prevailing on the spot, allowing the pigs to grow well.
Precisely the opposite is occurring in Austria. From there, reports are coming in on slumps of as much as 50 per cent and more in the fattening performance. Lack of appetite is said to be a reason for this that seems to be caused by the latest maize harvest.
Maize in Eastern Europe in particular but in Austria as well is burdened with fusariosis this year, so increased DON values are registered.
As a consequence, the prices went up for the second week in a row in Austria, now quoting 1.366 € per kg slaughter weight.
Unchanged prices, as recorded in Germany, are only reported from Belgium, Denmark and France. The Dutch price went up slightly by one cent; the price gap which had most recently gone up to 10 cents between Germany and the Netherlands thus narrows a little.
Trend for the German Market:
Supply and demand of the quantities of pigs for slaughter on offer prove to remain well-balanced on a high level.
The market is vivid, and so the batches on offer are sold swiftly. Unchanged prices are the least to be expected.
TheMeatSite News Desk