Price jump on the slaughter pig market

Previous year's figures exceeded again for the first time

There were sharp price increases on the German slaughter pig market in the last week of February. The decisive factor for the positive development from the supplier's point of view was the small supply of live cattle, which was offset by the constant willingness of the slaughterhouses to accept them. On the national average, slaughter pigs in meat trading class E cost 1,36 euros per kilogram of slaughter weight during Shrove Monday week, which was six cents more than in the week before. The level of the previous week was exceeded for the first time in months, by seven cents. Whether the pork prices can remain at the higher level depends on whether the price increases can also be realized in the meat trade.

At the beginning of this year, the producers received a good 20 cents per kilogram less than they are currently receiving for their animals ready for slaughter. And across the EU, pig prices were also very low. This prompted the EU Commission to promote private storage of pork; after the expiry of this campaign, export refunds were granted for the export of unprocessed pork to third countries. Both measures met with great interest and relieved the market.

Source: Bonn [ZmP]