EU Pig Prices: Quotations Steady – Mood Is Brightening
This week, the EU pigs-mature-for-slaughter market is stabilising on the level achieved so far. The past weeks’ price pressure has meanwhile dissipated.
Ever since the beginning of the year, the European pigs-mature-for-slaughter market has been dominated by supply pressure and backlog supply from the live-animals’ market. Across borders, the European producers are sharing the view at the same time that the last weeks’ price decline has indeed been excessive. They assume it was only serviceable to the slaughter companies, allowing them to get their freezing facilities filled. All in all, however, as is heard from France, this excessive price decline is thought to have done damage rather than been of use to the European fresh meat market as a whole. Currently, a critical view is being voiced from Austria, related to dumping prices from Germany.
Yet, calm has finally returned and the market situation is getting back to normal ever more. In addition, there is hope for the tide to turn before long. As is heard from various sides, both quantities and weights seem to be swinging back. Fresh impetus is hoped for by the European market participants with regard to the export market.
Trend for the German market:
At the beginning of the week, demand for live pigs is quite brisk on the domestic market altogether. The bleak mood, which has been prevailing over the past weeks, is visibly vanishing. The marketers are very much ready to buy. So, the price development may at least be expected to remain unchanged.
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