EU Pig Prices: Trend Unchanged Throughout Europe with Great Britain as the Only Exemption
The most striking feature of this week’s pigs-mature-for-slaughter market is that the trend is unchanged throughout Europe. The price in Great Britain is the sole exemption, going up by a corrected 4 cents. The Swedish quotation went up by 1 cent (corrected) as a result of exchange rate changes. All other quotations remained unchanged. The German pig price remains steady for the sixth time in a row. The French and Dutch unchanged prices are said to be the result of supply and demand being well balanced.
Compared with other European prices, the Danish quotation went up strongly over the past weeks and months. Thus, the Danish price even exceeded the Dutch price by as much as one cent these past three weeks. Some years ago, the relation between these two prices was quite different. The 2008 annual average, for instance, showed the Dutch price to exceed the Danish price by 7 cents; in 2009, it still was 5 cents.
Trend: Though large quantities of pigs for slaughter are still on offer, marketing is done smoothly. Continuous demand comes in from the slaughter companies, so there was no backlog over the Easter holidays. Hence, the prices are expected to remain unchanged at least over the next days.
2010 04 13eng
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