EU Pig Price: Balanced across Europe

EU - This week's hog market throughout Europe can be described as "balanced" and prices are generally higher than the seasonal average.

In general, the hog market remained stable throughout most of Europe. Irish and Danish quotes dropped by only 2.7 and 3.8 euro cents respectively. Changes in the exchange rate of the euro against the British pound and the Swedish Kronor resulted in an increase in the British offer and a decrease in the Danish offer.

According to reports, the supply of most European countries is higher than the average of the same period of previous years. Affected by high temperatures in summer, slaughter weights in both Spain and Italy declined. The apparent price rise in Italy is said to be due to supply shortages. The price in the Netherlands is unchanged. There, people are watching the trend of feed prices and see if the price of pigs will rise with feed prices.

Trends: With the end of the summer holiday in most parts of Germany, pork sales have increased slightly. However, the price of meat failed to rise. The amount of hogs released continues to increase, and these slaughter hogs can be sold smoothly. In this way, it is expected that there will be no major changes in the market situation this week.