EU Pig Prices: Quotations Finally Going Up – German Discounted Prices are Causing a Stir in the Market Situation
This current week, the European pigs-mature-for-slaughter market is finally characterised by increasing quotations in many EU member countries. Many major German slaughter companies’ discounted prices are clouding the mood.
Yet, the knot seemed cut after water has been tread for weeks on end. On Wednesday, the German leading quotation finally went up again, even if by a just
moderate four cents. The quantities of live pigs on offer had considerably decreased, thus causing a tight supply situation.
As a consequence, the Spanish, Danish, French, Belgian, Austrian, and British quotations also went up. In general, the currently decreasing quantities of pigs for slaughter are being used as an argument. Even in Austria, where backlog supply had been noted until most recently, the market has been cleared meanwhile. In Spain as well the slaughter weights are now decreasing much more than they have over the same period of the preceding year, as may be seen from a market report.
Despite the quite manageable quantities of live pigs on offer, some German slaughter companies are not accepting the latest increase of quotations, hence paying discounted prices. As justifies the meat-processing industry, the European meat market was sufficiently supplied.
The Dutch quotation was able to distance itself from the European environment, remaining unchanged on the level so far achieved.
Trend for the German market:
A stir is indeed caused across the borders and among the market participants because of the situation as it currently is in Germany. In spite of discounted prices being paid, no increase in the supply pressure was observed, as state marketers. So for that reason, the price development may be expected to remain unchanged for the week of slaughter to come.
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