ShapeShapeauthorShapechevroncrossShapeShapeShapeGrouphamburgerhomeGroupmagnifyShapeShapeShaperssShape

EU pork prices: prices rise - headwind of German slaughter companies causes criticism

The European slaughterhouse market is facing headwinds in the ongoing battle week. In this process, some German slaughter companies’ discounted prices are causing upset across the borders.

13 June 2019, at 10:42am

ISN reports that the live animal market is characterised by small numbers of slaughter pigs. With the temperatures going up at last, impulse was given to barbecue meat sales which also boosted the European meat market. With holiday makers starting to flood the southern European holiday regions, demand for pork will be greater than the quantities on offer. The corrected Spanish quotation continues leading the European price structure of the five EU member countries most important in pig production. In the ranking, the Danish quotation outpaces the Dutch one of which a substandard 1-cent increase was reported on. Unchanged corrected quotations are reported on from Belgium and the UK.

Although pork exports towards China are remaining on a high and steady level altogether, some of the German slaughter companies have been jamming the brakes by refusing an increase in producer prices. In view of the tight supply situation on the live-animals’ market, this unfitting kind of operating is very much being criticised by marketers from all over.

Trend for the German market

Apart from the situation around discounted prices, the domestic market is starting into a relaxed new week. Although this is a short week of slaughter, not all gaps in merchandise planning could be closed. Pigs for slaughter continue to be in demand. Today’s internet pig auction results were keeping a 5-cents’ distance from the current quotation, although the buyers acted more cautiously. For this reason, a steady price development appears to be adequate and inevitable.

© ISN

Explanation (Source: ISN - Interessengemeinschaft der Schweinehalter Deutschlands)

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 percent lean-meat-percentage; farm-gate-price; 79 percent killing-out-percentage, without value-added-tax © ISN