September Agricultural Markets Preview
With the end of the holidays, the demand increases
The main holiday season in Germany is coming to an end, and with consumers returning from vacation, the demand for agricultural products is gradually increasing. The processing plants are also resuming production. The growing sales are causing prices to stabilize in some areas. On the slaughter cattle markets there could be slight premiums, especially for young bulls. Egg prices are likely to bottom out somewhat, and the price recovery in the turkey market is likely to continue. Slightly rising courses are also to be expected for cheese. Cows and pigs, on the other hand, are valued slightly lower than they were in mid-August, but still higher than a year ago. There are hardly any changes in chicken, butter and skimmed milk powder. And the demands for potatoes will probably only move a little. The fall in prices on the grain market is likely to come to a standstill. Despite another below-average apple harvest, an overall plentiful supply of fruit can be expected in September. Vegetables are also usually available in large quantities. Slaughter cattle prices above previous year's levelThe supply of young bulls, which has been limited for months, in conjunction with constant demand from the slaughterhouses, ensures continued firm prices, although the lowest prices of the season are usually realized in the summer months. In September, the beef business should be boosted by consumers returning from vacation. Further slight price increases for young bulls cannot therefore be ruled out. However, due to the already comparatively high price level, there will not be any significant surcharges.