ShapeShapeauthorShapechevroncrossShapeShapeShapeGrouphamburgerhomeGroupmagnifyShapeShapeShaperssShape

EU pig prices: markets are steady with low live animal numbers

ISN reports that the European slaughter market shows hardly any price changes this week. The majority of prices in the various EU member states remain unchanged and stable.

2 August 2019, at 10:19am

According to the latest ISN report, the price pressure in some northern countries at the beginning of last week has evaporated and overall market conditions are in equilibrium. The German leading quotation recorded an unchanged price again, along with the Danish, Austrian, and Dutch quotations.

The slaughter pig supply is scarce. Due to harvest activities of many farmers, marketing often takes a back seat. The recent extremely high temperatures across Europe slow down the growth of the animals and made for difficult conditions during transport. Additionally, the weak demand for meat sales has a dampening effect on prices.

While the markets in the north and in the middle of Europe are generally considered to be in a balanced position, there are positive trends in France and Belgium. In France, the slight third consecutive rise in prices is due to the small number of slaughter pigs offered and the competition for slaughterhouse pigs. However, meat sales remain difficult, said a French market participant.

In addition to France, the Belgian listing increased by 2 cents corrected. Thus, the price correction of the previous week was withdrawn again. In the UK, the listing eased slightly.

Table by ISN describing stability in the European pig slaughter market this week

© ISN

Graph by ISN illustrating stability in the European pig slaughter market this week

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