EU - At the beginning of this slaughter week, the European pig slaughter market appears very calm again.
New incentives continue to be missing and market participants keep waiting. This way, only few and slight price movements are recorded.
Quotations in both Germany and the Netherlands remain on the same level as last week; up slightly.
In the slaughter markets in Spain, Denmark and Austria, a sideward movement is observed.
The French pig keepers have to accept a price decrease by as much as a corrected 2.8 cents. This seems to be attributed to sufficient provisioning of the market and ongoing pressure exerted by the slaughter companies as a result of weak demand for ham.
Last week’s slight price increase was retracted in Belgium. The insignificant price increase observed in Great Britain is balanced again through fluctuations of currencies. The corrected version thus is of no consequence.
Trend for the German market: The quantities of pigs for slaughter on offer are well purchased by the slaughter companies. Yet, some producers are operating for a price increase to possibly result from weekend sales. Both sunshine and increasing temperatures are conducive to the optimistic market sentiment.