EU Pig Prices: The Markets Are Recovering – The Quotations Are Going Up
Last week, finally, the pigs-mature-for-slaughter quotations started showing an upward trend for the first time since June 2017.
Building on Germany, where the producer prices went up by a moderate 3 cents per kg slaughter weight, the Netherlands, Belgium, and Austria were able to raise their quotations at a similar extent. The French producer prices went up by 2 cents per kg slaughter weight, while the Spanish producer prices went up even by 1 cent.
Market observers tend to say that this friendly market development may be attributed to the decreasing quantities of pigs for slaughter meeting brisk demand from the meat trade. The bottom prices are most apparently being actively used in order to fill the cold storage warehouses accordingly with low-priced pork. This might be concluded from the slaughter weights having gone down most recently almost everywhere. In Denmark alone, the price is not yet ready to go up this week.
Trend for the German market:
Even after this first price increase, the demand for pigs for slaughter continues to be brisk. The quantities on offer, however, are quite manageable, not always being sufficient for covering the demand for the short term. Accordingly, the quotations may be expected to still go up this week, from today’s point of view.
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