Last week, the European pig slaughter market got ever steadier.Most of the countries recorded unchanged quotations in the EU pig price comparison. The supply pressure that had formed over Easter could be sold meanwhile. Thus, the markets got back to being balanced.
With just one exception: The Austrians did not yet succeed in freeing themselves from the backlog supply resulting from over the Easter holiday. On top of that, bargain offers from abroad exerted pressure on the domestic market.
According to what a French market observer says, the French market seems to be relieved in connection with the German quotation’s sideward movement. Alternatively, the prices should have been corrected downward on the French meat market in order to be competitive.
The Spanish pig market does not really gain momentum. The seasonal spring price increase has been missing so far. While demand for pork seemed insatiable from China, the domestic market remained slow.
Trend for the German market:
At the beginning of the week, the local pig slaughter market still is well balanced. With the quantities on offer, demand for live pigs can be matched which comes in from the slaughter companies. From today’s point of view the price development is expected to remain unchanged.