EU Pig Prices: Markets Stabilising; Quotations Closing Ranks
EU - After a period of weak prices which lasted for several weeks, the European slaughter pig market is finally stabilising again. Many quotations are able to maintain the balanced levels.
18 October 2017
3 minute read
By: On Wednesday, the German leading quotation set the pace with its ability to remain constant and a corrected price level of €1.45 per kg slaughter weight. The backlog of supplies could be depleted almost completely on the German slaughter pig market.
Hence, the supply pressure on the live animal market has decreased considerably. Unchanged quotations are also being reported from the Netherlands, Belgium and Austria. This goes for Denmark as well, where the quotation has remained steady for the second time in a row already.
In France, an unchanged price level is also being reported compared with last week’s values. However, according to what a French market participant states, the French market still is under pressure with the steady quotation which is being politically motivated. The live animals market is well supplied in France, and the French food retailing business appears to be anxious about having to face producers’ strikes in case of a price collapse.
Spanish producers had to record a clear price decrease by as much as a corrected 6 cents. The live animal quantities on offer are very extensive, and sales prices are under pressure. Yet, the Spanish quotation is able to maintain the top rank in the European price structure of the five member countries most prominent in pig keeping, thereby remaining slightly ahead of Denmark. The quotations are closing ranks altogether.
Trend for the German market:
The domestic slaughter pig market is continuing to stabilise. Meanwhile, the quantities on offer are again being marketed completely and in good time. Therefore, the situation is expected to remain steady.
(Source: ISN - Interessengemeinschaft der Schweinehalter Deutschlands)
Explanation
1) corrected quotation: The official Quotations of the different countries are corrected, so that each quotation has the same base (conditions).
2) These quotations are based on the correction formulas applied since 01.08.2010.
base: 57 per cent lean-meat-percentage; farm-gate-price; 79 per cent killing-out-percentage, without value-added-tax
