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EU pig prices: optimism spreading across EU markets

The market saw positive increases in live pig prices this week but the uncertainties associated with the spreading of the coronavirus and its effects on supply chains and the flow of goods are being felt.

6 February 2020, at 10:43am

ISN reports that a decline in slaughter weights this week has resulted in only a marginal increase of around 3 cents across the board, however this improvement has set a relatively positive mood in the market. Due to exchange rate fluctuations, the UK quotation has increased only slightly.

Meanwhile, the pricing policies of some large German slaughter companies are once again causing discontent. They consider the latest rise in prices to be premature and do not accept the increased quotation of of three cents. In day-to-day business, however, it is reported that these lower prices are being implemented everywhere.

In the run-up to 2020, expectations for the market were extremely high with regard to the start of pork exports to China but the uncertainties associated with the spreading of the coronavirus and its effects on supply chains and the flow of goods are being felt.

Despite the uncertainties, market participants are nevertheless generally expecting a revival of business in Asia.

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