EU Pig Prices: Continuing to Remain Stable
This week, the European pigs-mature-for-slaughter market proves to be well balanced again. For the fifth week in a row, the prices in Germany, Austria and Belgium remained unchanged. Compared to last week’s prices, the Danish and French prices also continued to be stable. At about mid-August, supply and demand appears to have equilibrated in France.
In Spain, the price went down again, because the slaughter companies are not ready to increase the number of slaughters for as long as until a higher margin can be achieved. As a consequence of changes in currency exchange rates, the price fell in Great Britain. The Dutch and Swedish pigs-mature-for-slaughter prices could be increased slightly. In the Netherlands, the improved sales of pork and increased income for neck in particular are said to have caused price increases.
Trend: Exports towards Eastern Europe still run smoothly, thus helping to relieve the domestic market. As the slightly increased quantities of pigs mature for slaughter on offer still are being sold to the slaughter companies without problems, prices are expected to remain stable.
2009 08 25eng
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