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EU Pig Prices: Quotations Are Crashing

27 November 2015, at 12:00am

EU - Pressure continues to be exerted on the European pig slaughter market.

Market participants from all countries are talking about saturated markets and general weakening of the meat business. On top of that, Germany with its further price decrease of 5 cents still sets the direction for the other European countries.

The Netherlands, Belgium and Austria followed with downward price corrections of the same extent. Slightly more moderate price decreases were reported on from Spain and Great Britain.

The Danish quotation alone could be maintained at the level achieved, quoting a corrected 1.36 euros.

Thus, the Danes are leading the price structure of the five EU member countries most significant in pig farming. Due to the Spanish price decrease Denmark could once again increase its leading position.

Trend for the German market:

The situation on the German pig slaughter market has remained unchanged since the end of last week. The general supply conditions seem sufficient with the quantities on offer being placeable on time, according to what marketers say. For that reason, the situation needs to be stabilised.