Germany: Weak meat market causes VEZG quotation to fall

For the first time in a long time, fatteners have to adjust to price reductions on the German slaughter pig market. The Association of Producers' Associations for Cattle and Meat (VEZG) corrected its leading price for slaughter pigs on Wednesday by 8 cents to 1.42 € / kg slaughter weight (SG) due to pressure from the “red side”. Current pork prices here ... According to VEZG, there was excess supply on the live market due to the cautious demand from slaughterhouses. In the run-up to the listing, several large slaughterhouses had pressed for a significant cut, as sales on the meat market were not going well. According to analysts, the pork cuts could only be sold at falling prices. The hopes for stable warm weather and extensive barbecue activities have so far not been fulfilled. In addition, the ongoing corona problems resulted in an even longer slump in sales in the closed catering sector. The VEZG pointed out that the tense infection situation is also affecting the ...