EU Pig Prices: Quotations Weaker Before Christmas – Steady Prospects
The days before Christmas the European pigs-for-slaughter market was under strong pressure. The EU member countries have moderately continued the price decrease which was rung in the week before.
The EU member countries’ price decreases are ranging from a corrected 2 to a corrected 3 cents. The pre-Christmas decrease was not so much of a surprise to the market participants. Demand for meat gets much calmer before the festive days every year with the quantities of live animals remaining on a high level at the same time. In addition, some days without slaughters are likely to happen. The quotations partly being valid for a two-weeks’ period is regarded as some kind of
ceasefire by market observers as much as it is regarded as reflecting stabilisation.
After the most recent price decreases, Spain and Denmark are running a neck-and-neck race for the top rank in the European price structure of the five EU member countries most significant in pig keeping. France is close on their necks. Despite quoting unchanged most recently, the Netherlands keep bearing the red light.
Trend for the German market:
With the week of slaughter being quite a short one after the festive days, the pigs-for-slaughter market remains an ordering market. The current level of quotations will remain valid until 3 January 2018.
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