EU Pig Prices: Balanced Markets – Steady Quotations
For another week in the row, the European pigs-mature-for-slaughter market is moving sideward. No change of quotations whatsoever for pigs for slaughter is being observed in the EU member countries. The prices are remaining steady altogether. The majority of countries have been keeping their quotations at an unchanged level for a few weeks so far.
The Spanish quotation as well is able to continue this new steady trend after a long period of price decreases. The corrected British quotation alone is slightly stepping out of line in a positive way. Yet, this must be attributed to currency fluctuations rather than to fluctuating quotations.
Across the borders, the extensive quantities of live pigs on offer are marketed without difficulty. All in all, the markets are sufficiently supplied. The slaughter belts are running at full capacity for seasonal reasons, thus having the processing industry’s demand well handled.
At the same time, the quantities of live pigs on offer seem to have reached their peak. As have from Germany, reports came in from other countries on slightly decreasing quantities and slaughter weights. Yet, the values are remaining at a high level.
Trend for the German market:
At the beginning of this week, the pigs-mature-for-slaughter weights continue to be well balanced. Both supply and demand remain at a high level. All in all, the price development may be assumed to remain unchanged.
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