How is the pig market in the EU?

Published 2021년 10월 13일

Tridge summary

The European pig market is facing a downturn, with prices dropping in Germany, Denmark, and Belgium due to pressure from slaughterhouses and competition from other EU countries. In Spain, pork prices have also fallen, making it more competitive in northern Europe. Chinese demand for pork remains weak, while in the US, pork prices are slightly increasing despite a decrease in the number of pork productions. China's average pork price is at its lowest in the last 8 years, despite high production costs.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The situation of the pig market in the EU continues to deteriorate. In Germany, the price has dropped 4 cents due to pressure from slaughterhouses, which are already paying 4 cents below the official price. Despite the price reductions and the promotional campaigns of the German distribution, the market is not improving. There is strong competition from meats from other EU countries. In Denmark, the price has not withstood the pressure of the German market and has fallen 4 cents. In Belgium, always so aware of the evolution of the German market, the price has dropped 2 cents. The government is going to implement measures for ranchers. In Spain, the price of pork has dropped 3.5 cents / kg live, making it more competitive in the northern European market. The farmers are taking out a lot of pork, for fear of new drops, so there has not been a significant increase in weight, as would correspond to the dates in which we are. Chinese demand remains weak and exporters are looking to ...

Source: Agrodigital