The European pig slaughter market still does not gain momentum. Agricultural producers still need to content themselves with the very low price level achieved so far. Almost all EU member countries show unchanged quotations.
The reason given sounds the same from most all sides, basically: the meat market leaves a lot to be desired. On the one hand price-boosting arguments are missing across borders. On the other hand, the price increase which had been discussed about and waited for in Germany failed to appear.
The Spanish quotation as well has not yet been able to start the seasonal rally as a consequence of sufficient quantities on offer and despite vivid export activities. In Austria, last week’s price decline could be stopped. Yet, the atmosphere remains tense there because of large quantities of pigs on offer.
The Dutch quotation went down slightly by minus 1 cent. For the Dutch, the merely unchanged German quotation does not seem to have been enough of a support. Great Britain’s 2 cents’ plus related to the corrected price may just be attributed to currency fluctuations.
Trend for the German market: The domestic pigs-mature-for-slaughter market starts the new week in a well-balanced way. By trend, the decreasing supply gets rather scarce. Pigs for slaughter can be sold well. All in all, the meat market remains slack. From today’s point of view, unchanging development may be expected.