EU Pig Prices: Increasing At Last
This week, the European pigs-mature-for-slaughter market is seen in an upswing. The German quotation above all went up by 7 cents, thus producing an excellent model for the neighbouring countries. The Belgian corrected quotation, being based on live weights, even went up by as much as 7.4 cents. Yet, the prices did not go up correspondingly in all places. The Dutch were able to realise a price increase of a corrected 5.8 cents. In Denmark, too, the price increases were considerably slower and so they were in Great Britain.
Since the price increases did not continue (which had started weeks ago), the quotation remained unchanged in Spain. Sweden as well moved sideways. In France, the prices went up only slightly. The latest Russian complaints about high import needs with regard to Russian meat products are facing the prospects of relaxation of export restrictions resulting from the dioxin crisis. Such relaxation is intended to be done as from the end of March. President Medvedev is not pleased by that fact, and yet the Russian demand for meat cannot be covered by Russian production alone. Therefore it may be expected that pork and live-pig transports to Russia will be made easier again before long.
Trend for Germany: Even after last Friday’s clear 7 cents’ price increase, the slaughter companies’ demand for pigs for slaughter did not decrease. The slaughter belts are being run at full capacity. The market appears to be in a friendly mood, so another moderate jump in prices seems to be possible with regard to the upcoming quotation.
Source and copyright: ISN e.V., Damme, http://www.schweine.net, 15.03.2011
Latest news...