Bloomberg News

Pig Prices Steady in Northern EU and Advance in Spain, France

March 05, 2013

Pig prices were steady in the north of the European Union and advanced in Spain and France, industry group Interessengemeinschaft der Schweinehalter Deutschlands e.V. reported.

Hog prices in Germany, the EU’s biggest pork producer, were unchanged in the past week at 1.626 euros a kilogram (97 cents a pound), and prices in Denmark also were steady at 1.63 euros a kilogram, Damme, Germany-based ISN wrote in an online report today. Prices climbed for a fifth straight week in Spain and France, to 1.814 euros a kilogram and 1.632 euros a kilogram, respectively. The two countries are the EU’s second- and third- largest pork producers.

“The European pigs-mature-for-slaughter market appears in a stable condition again this week,” ISN wrote. “After German slaughter companies flexed their muscles last week, naming discounted prices, calm is being restored now. Demand and supply are said to be well-balanced.”

Dutch, Belgian, Austrian and Irish pig prices were unchanged from the previous week, while prices advanced in the U.K. and declined in Italy.

To contact the reporter on this story: Whitney McFerron in London at wmcferron1@bloomberg.net.

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net


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