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Wednesday, 29 September 2010 00:00

EU Pig Prices: The Market Is Labile

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The European pigs-mature-for-slaughter market continues to be under presser this week. As is heard from various sides, the German downswing seems to cause anxiety in the rest of Europe. All over Europe, the quotations went down a little in varying ranges, thus closing ranks. This is also shown in the Spanish price which, subject to seasonal influences, gets further and further away from its top rank among the five countries where the majority of pigs is held, getting closer to the pan-European level. Spain will be on a general strike on Wednesday, 29th September; therefore, a day of slaughter will be missing.

All in all, the quantities of pigs mature for slaughter being on offer is quite extensive throughout Europe and are taken up fairly well by the slaughter companies. Yet, the Austrian pigs-mature-for-slaughter market has to cope with oversupply in a way. The pig prices noticeably fell in Poland and the Czech Republic, too. The French quotation had to suffer a lot on Thursday, after no price could be made on the Marché du Porc Breton Monday last week. The suppliers had not been willing to sell at the prices offered. The auction scheduled for this Monday was also cancelled.

Market trend for Germany: With extensive quantities of live pigs being on offer, it will be difficult to have the price maintained in the near future. Even with the export business flourishing, the necessary relief can hardly be provided.

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