EU Pig Prices: Prices Steady at Better Demand
In many places throughout Europe, the pigs-mature-for-slaughter market continues to appear in a steady way. Even from countries where the situation was influenced by Corpus Christi Day last week, no considerable problems were reported on, related to marketing. In those German federal states that celebrate Corpus Christi Day as a public holiday, many abattoirs were run to almost their usual capacity. Reports from Austria say that the backlog supply, which had accumulated there since Whitsun after all those public holidays, could not yet be marketed completely but that demand is felt to get ever better as well. Yet, the backlog supply does not seem to be a burden to the Austrian market, so the price there remained on an unchanged level, too.
Spain again ranks first in the European price structure, after the price had to be corrected by three cents downward in Great Britain. Nevertheless, the Spanish show disappointment about the past weeks’ price development. No rise in prices as little as that has ever been observed over the past 10 years, let alone a price decrease as is seen this year. Sweden continues to bear the red light, although their price went up by a converted 5 cents most recently. Apart from minor corrections made in France, all other EU member countries’ prices remained unchanged.
Trend for the German market: Now that the public holidays are over, the situation on the pigs-mature-for-slaughter market is ever more relaxing. Many marketers report on declining quantities of pigs mature for slaughter being on offer. With the temperatures being summer-like, the demand for barbecue pork should go up considerably. Therefore, the producers have reason to hope for a price increase to occur in the week ahead.
2011_06_27eng
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