EU Pig Prices: Markets Well in Tune – Moderate Price Increases Observed in Many Countries
On the European pigs-mature-for-slaughter market, the mood continues to be friendly altogether. Many quotations are going up moderately.
The weather conditions being more than suitable for barbecuing makes demand go up very much in Europe for parts that can be used for barbecuing. After those many public holidays in May, the live-animals’ market is quite cleared up. There is no talk about backlog supply at the moment. As a result, the German quotation set the pace again with its moderate 2-cents’ plus last Wednesday. Thus, it is closing the gap within the European price structure. The Vion slaughter company tried to fend off the German price increase, but has remained unsuccessful. In Spain, the Netherlands and in Austria, the quotations went up to very much the same extent. Being approx. 1 cent, the increase was slightly smaller in Belgium and Great Britain.
Unchanged quotations are reported on from Denmark and France. In addition to the public holidays, various strikes had an impact on the operating schedules of some slaughterhouses. Over the past weeks, the Danish quotation has appeared in a very stationary way. Price deflections in both upward and downward direction have been omitted.
Because of the inconsistent price development on the European pigs-mature-for-slaughter market, Germany now ranks second together with France, within the European price structure of the five EU member countries most significant in pig keeping.
Trend for the German market:
At the beginning of the week, the atmosphere remains positive on the pigs-for-slaughter market. Demand for pigs for slaughter still is vivid. The quantities of live pigs on offer currently are sufficient for short-term covering the slaughter companies’ demand. So, the further price development is expected to remain steady at least.
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