EU - This week, the European pig slaughter market still appears to be in conflict. In central Europe, the price barometer tends to go upwards in many countries. Negative trends are reported on from southern Europe.
Effectual price increases of 5.7 to 6.2 cents could be realised in Germany, the Netherlands, Belgium and in Austria.
Denmark as well raised its quotation moderately by a 2.7 cents’ plus. All in all, demand is reported to be exceptionally brisk at scarce quantities on offer.
High temperatures in summer are said to still be a reason for supply being scarce in Austria. At the same time, the barbecue business is reported to be more vivid with temperatures going down.
In southern Europe, the trend continues to be rather weak for seasonal reasons. From the French point of view, the situation remains unsatisfactory. Even if pork exports towards China seem to be satisfactory in France, the prices seem to be unlikely to be raised.
Trend for the German market: The prospects remain optimistic. According to the marketers, the quantities of pigs for slaughter stay on a low level. Increase of quantities, such as for speculative aspects, cannot be indicated at present.
Positive assessment is heard from the meat market, so the quantities of live pigs on offer cannot meet demand. From today’s point of view, the prices are expected to go up.
Source: ThePigSite News Desk