Germany: Pig prices continue to climb
The market for slaughter pigs remains positive. In many areas, the supply of pigs ready for slaughter is insufficient to meet current demand in the short term. Consequently, marketers are generally able to place their animals quickly. The beginning of the month and spring-like temperatures are currently providing additional impetus and leading to a somewhat more brisk demand for pork. Combined with the fact that the supply of slaughter pigs is now seasonally decreasing, this is resulting in higher prices.
The price had already been raised by 5 cents in each of the past two weeks. The recently increase continues the upward trend in the pork market. Producers are hoping for a steady market recovery in the coming weeks, so that they can hopefully finally achieve cost-covering revenues again by summer.
Taking into account the full costs of piglet production and pig fattening, a VEZG slaughter pig price of at least €2.00/kg would be necessary.
However, slaughterhouse operators are tempering these expectations somewhat. They point out that implementing higher prices on the meat market takes time and that the overall supply situation on the European meat market is sufficient.
Positive trends also prevailed in neighboring EU countries recently. Prices in Spain (+6 cents), the Netherlands (+5 cents), Belgium (+6 cents) and Austria (+8 cents) also rose last week, while prices in Denmark and France remained unchanged.
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