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EU pig prices: live hog prices continue to rise

ISN reports that the tight cross-border supply has caused another increase in live pig prices in the European marketplace.

25 February 2020, at 10:37am

A price increase of 5 cents was observed in Germany, the Netherlands, Belgium and Austria reports ISN. The German leading quotation is reported to have played an important role in the current price development on the European pigs-mature-for-slaughter market. Since pig stocks in Germany have been declining for years, the competition among slaughter companies is high. Simultaneously, German suppliers are making aggressive offers on the European meat market due to concerns over African swine fever (ASF) according to a report from Spain.

Moderate price increases are being observed in Spain and France this week and UK prices saw only a small improvement of 2 cents.

Prices in Denmark remain stable and the country remains leader of the European price structure of the five biggest pig-producing EU countries.

At the beginning of the week, the local pigs-mature-for slaughter market in Germany is showing continued optimism. The supply of pigs ready for slaughter is scarce and the market highly competitive. This is a good opportunity to favour fair slaughter companies in the delivery process and to punish unfair trading practices from the recent past.

European pig price comparison by the ISN
European pig price comparison by the ISN

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