EU - The European pig slaughter market is well balanced just a week before Christmas.
Over the past few days, the market situation eased off with many quotations remaining the same.
As usual, the unchanged German quotation takes the lead for the other European countries’ price development. The French price has also stabilised.
The Austrian producers, on the other hand, have had to cope with a considerable markdown.
After the market had been under served for several weeks, the quantities of pigs for slaughter on offer are now rising with the price going down by a corrected 5.1 cents.
A price gap is opening as the corrected German quotation went down from 6.9 to 1.8 cents.
The Danish quotation, which last week remained unchanged, went down by a corrected 5.4 cents, ranking just ahead of the Spanish quotation.
Trend for the German Market:
Before Christmas, the quantities of live pigs on offer are currently quite substantial, confirmed by official figures, meeting the strong demand from the slaughter companies.
The meat market is very positive before Christmas and the price level is expected to remain unchanged until the end of the year.
TheMeatSite News Desk