German pig price remains a topic of discussion

While pig farmers, united in the Vereinigung der Erzeugergemeinschaften für Vieh und Fleisch, adjusted the quotation upwards by €0,03 last week, the German slaughterhouses still see no possibility of doing so. Both the VEZG quotation and the slaughterers' quotations are therefore unchanged this week. The main argument for pig farmers to increase quotations is the tightening supply. In May, a large number of slaughter days were canceled in both the Netherlands and Germany due to various holidays. As a result, pigs were regularly passed on. Traders now report that they are often overdue with deliveries, which immediately makes supply feel tighter.

Meat trade remains difficult
The difficult trade in pork is currently the biggest obstacle to smoothly rising quotations. Slaughterhouses complain about a full European market. This is caused by the fact that large exporting countries such as Spain and Germany try to sell a lot of meat within European borders. German slaughterhouses are still forced to do this due to export blockages. The Spanish slaughterhouses are experiencing the consequences of the somewhat subsided Chinese meat hunger and are therefore forced to offer more product to countries within Europe.  

The weather of recent weeks offers some support. It's late in the year, but the barbecue season has started and with the European Championship football just around the corner, consumers continue to ask for meat on the grill. The developments together provide the German price reporters of the VEZG quotation with sufficient support to maintain last week's increased quotation: €1,57 per kilo of slaughtered weight. The German slaughterhouses continue to refuse this level and will also pay €1,54 per kilo of slaughtered weight next week.