EU Pig Prices: Inconsistent Quotations – Price Increase Can Be Expected
This current week, the European pigs-mature-for-slaughter appears in an inconsistent way. While the quotations remain unchanged for the most part in central and northern Europe, the South is tending towards weakness. But positive trends are also visible.
Last week, demand for pigs mature for slaughter was already remarkably vivid altogether. Public holidays and missing days of slaughter last week had yet kept in check the budding price fantasies in various EU member countries. As a consequence, unchanged prices were reported on from Germany, Denmark, Austria and Belgium.
A friendly signal was sent from the Netherlands on Friday already. The Dutch Beurs price 2.0 went up by 2 cents, because the quantities of live animals are decreasing in the Netherlands on the one hand. On the other hand, the German internet pig auction set an unambiguous impulse on Friday, reporting an average price exceeding the current level of quotations. With their present 2 cents’ plus, the Dutch now took back their latest price decrease of calendar week 42. Yet, the Dutch quotation is still ranking fifth in the European price structure of the five EU member countries most important in pig keeping. The corrected British quotation’s slightly increasing is however just resulting from currency fluctuations.
In southern Europe, the prices continue tending towards weakness. So, the Spanish, French and Italian quotations went further down most recently.
Trend for the German market:
The market participants’ mood is friendly altogether on the domestic pigs-mature-for-slaughter market. The marketers report on decreasing quantities on offer at continuous brisk demand on the part of the slaughter companies. So, an increase of quotations may be expected for this week of slaughter.
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