Pigs improvements in Europe

Published 2023년 2월 8일

Tridge summary

Pork prices in Northern Europe inched up due to a slight increase in demand and a drop in production, despite tight intra-Community competition. Germany is experiencing a supply shortage, leading to quick marketing of meat pigs, while Belgium's price direction is influenced by offer levels. Austria also faces a supply/demand imbalance. In Denmark, over 500 employees are set to be laid off due to a slowdown in demand from South-East Asia. Spain, Italy, and the US saw slight price recoveries and weight stabilization. China's pork price remained stable due to low demand and increased production.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

A slight improvement in demand triggers the first increases in the price of pork in Northern Europe, where the drop in production is particularly marked. After a calm month of January, some impulses on the meat market allowed the revaluation of certain cuts even if the intra-Community commercial competition remains fierce, particularly for certain cuts such as shoulders. In Germany, the supplies are now lower than the demand and the meat pigs are marketed quickly. The meat sector still reports the presence of foreign meats which complicates trade, but German cuts are now selling more easily. Furthermore, with a view to the preparation of spring products, certain parts are stored in fridges, the filling levels of which are particularly low at the start of the year due to the high cost of energy, which is true everywhere in Europe. In Belgium, the level of offers now clearly determines the direction of the price of pork. Slaughtering activity is down 16% every week since the start ...
Source: Pleinchamp

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