EU Pig Prices: Markets Mostly Balanced – Quotations Still Steady
This week of slaughter, the European pigs-mature-for-slaughter market appears mostly balanced and steady. Quite a large number of the quotations have remained steady on the level achieved for several weeks now. The Dutch quotation tends to be weak.
What the various countries’ pigs-mature-for-slaughter have in common are the quantities of live pigs on offer which are quite extensive for seasonal reasons. At the same time, the supply situation is quite comfortable on the meat markets. In the prospect of the Christmas holidays, the producers are signalising an increased readiness to deliver. This matches the pre-Christmas need of raw material in the meat industry. So, the markets are at equilibrium altogether.
In some European countries, the slaughter belts had been stopped on 8 December because of a public holiday (Annunciation). In Spain, the Constitution Day was also celebrated on 6 December. It remains to be seen whether or not the missing days of slaughter will have any consequence for the market. The slaughter weights have most recently been reported to be decreasing in France.
The Dutch quotation, however, started to fluctuate. After the Vion, the market leading slaughter company in the Netherlands, lowered the payment price by 3 cents last week, Compaxo then followed with a 1-cent minus. Then the so called
DCA beursprijs went down by a corrected 5 cents.
Trend for the German market:
At the beginning of the week, the pigs-mature-for-slaughter market shows a high and well-balanced level. Supply and demand remain on such high level. A change of the situation cannot be seen at this time.
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