World: How is the pig market?

Published 2020년 12월 9일

Tridge summary

The article provides an overview of the current situation of pork prices across several European countries and the United States, as well as China. It highlights that prices are repeating, giving a false sense of stability, due to increased supply, lower demand, and increased competition. In Germany, Belgium, and Austria, prices are stable due to good export demand. In Denmark, prices are expected to rise due to authorization of three slaughterhouses to export to China. In Spain, prices have dropped due to high supply and intense competition. In Italy, prices have also dropped due to the arrival of cheap meat from the north. In the US, prices are stable to slightly bearish but higher than in the same weeks of 2019 and 2018. In China, the average price of pork has decreased by 10.7% compared to the same week in 2019.

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

Original content

This week, many prices have repeated, giving a false sense of stability, as supply continues to increase, demand is lower and competition is becoming fiercer. In Germany, the supply is still very surplus, because although some slaughterhouses have increased their slaughter capacity, the rebound in Covid cases have reduced activity in other plants. The demand lacks the joy of other years, for the traditional processed products of these dates. In addition, the Christmas markets have been canceled. In Belgium, the price has repeated, despite the high offers and record weights. A good level of demand has helped. Also in Austria, the price is stable. The good export demand has made it possible to compensate for the lack of output in the national market, where, in addition, an extension of the closure of restaurants has been decided until the beginning of January. In Denmark, this week the price has been repeated, but the forecast for the next one points to a rise of 3 cents, as a ...

Source: Agrodigital