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EU Pig Prices: Markets Unsettled

1 October 2014, at 8:52a.m.

EU - This week of slaughter, the European pig slaughter market still continues to fall.

The quotations went down again considerably. The fall in prices however is not as severe as it was the week before. For seasonal reasons, the quantities of pigs for slaughter on offer are high across the borders, and together with the market participants’ unsettledness they make price corrections occur.

At the beginning of last week, the situation had started to lighten up in Germany, but the market was not quite able to stabilise. Not least as a result of the pressure exerted by some German slaughter companies, the Germany quotation went down by four cents.

Of almost a similar amount went down the quotations in many European countries. With its corrected seven cents, the Spanish price goes down a lot farther. One year ago, the German and Spanish price levels were about 30 cents higher than the current price level is.

Trend For The German Market:

After the last weeks’ price decreases, the backlog supply which had piled up is now reduced step by step. The producer’s readiness to supply is getting back to normal gradually, allowing the market to assert itself again over the next days.

WeekDENLDKBEFRPLCZITESATGBIR
Week 33 1.576 1.491 1.560 1.544 1.624 1.580 1.638 1.925 1.876 1.540 1.860 1.632
Week 34 1.576 1.491 1.560 1.544 1.625 1.563 1.619 1.922 1.865 1.540 1.799 1.594
Week 35 1.576 1.481 1.560 1.532 1.622 1.564 1.616 1.829 1.847 1.540 1.803 1.555
Week 36 1.596 1.491 1.560 1.544 1.604 1.565 1.622 1.786 1.822 1.540 1.827 1.555
Week 37 1.596 1.481 1.562 1.532 1.590 1.539 1.631 1.749 1.794 1.540 1.828 1.545
Week 38 1.546 1.443 1.535 1.470 1.555 1.612 1.729 1.752 1.489 1.811 1.545
Week 39 1.446 1.329 1.508 1.371 1.497 1.574 1.689 1.679 1.386 1.835 1.507
Week 40 1.406 1.291 1.454 1.322 1.452 1.672 1.609 1.345 1.787 1.507