This week, the European pig market for slaughter sighed a little. Almost all quotes for pigs for slaughter remained unchanged, which allowed to maintain the achieved level.
The intra-European meat market is stagnating, in part because the barbecue season has not yet begun. China still buys large volumes, but the Chinese currently do not accept price increases.
China's demand for imports remains a hot topic of discussion. Global pork demand is expected to rise, so market participants are still optimistic throughout the EU regarding future development.
The quotes are unchanged in Germany, as well as in the Netherlands, Denmark, France, Belgium and Austria. The Spanish adjusted quote rose 2 cents, while seasonal price increases continue.
Nevertheless, the Spanish market is waiting for weather suitable for barbecue in northern Europe, as well as the next surge in demand from China. The British quotation also rose slightly.
The price structure of the five EU member states, the most significant in the content of pigs, does not show decisive changes due to the stable market situation. Spain as a leader may slightly widen the gap with the growth of quotations.
At the beginning of the week, local pig markets look balanced. Due to the small number of live pigs offered, no negative consequences should be expected, although there will be a day off on Thursday, May 30th. The weather forecast is finally promising for barbecue. From today's point of view, a stable and balanced market situation can be expected.