Meat sales fail European pig market

In the ISN price comparison, the German pig price drops by €0,03 to €1,366 per kilo. The decline is a result of the pressure that the large slaughterhouses in Germany have been practicing for several weeks. The pressure is being driven by disappointing meat sales. Although attorneys are also sold at better prices in Germany, on balance there is price pressure. For example, there is still a lack of demand for hams the sales outside the European Union (EU) is getting worse by the week.

Competition in meat sales
As is often the case, Tönnies is blamed for the negative trend. The market leader seems to continually undercut prices on the domestic market. This is to keep sales going; At least that is what other parties claim.

In France too, the pig price drops by more than €0,01 to €1,379 per kilo. Here too, falling meat prices are the reason behind lower prices. The other odds will remain this week. However, the Belgian and Dutch listings had already been adjusted in the weeks before.

(Text continues below the chart)In the ISN price comparison, Germany is now listed below the French quotation. 

Provisional bottom?
Since the pig supply in Germany is not too large, a further reduction is not likely in the short term. The Internet fair on April 24 also demonstrated this. Although the German indicator lost €0,02 to €1,47 per kilo, the difference with the German pig price (the VEZG quotation) is still €0,05.

However, if the pressure on meat prices continues, lower pork prices cannot be ruled out. Especially because Germany will not slaughter next Tuesday (May 1); this in connection with the celebration of Labor Day.