EU weaner prices turn the corner
The average EU weaner price for the week ended 30 November stood at €36.49 per head, having recovered since the low point in October.
The average EU weaner price for the week ended 30 November stood at €36.49 per head. This meant that prices have somewhat recovered since the low point for this year, at €34.46 per head in October. The weaner market usually strengthens during this time of the year but the latest price was €9 lower compared with the same period in 2013. The subdued market for finished pigs has undoubtedly influenced the weaner market, which has fallen steadily since the start of May. Weaners lost around a third of their value in that time and prices reached a three year low, leaving most EU piglet producers in a loss-making position. In particular, the finished pig price crash in September was reflected in the weaner price falling particularly sharply during September and October.
The recent recovery in the EU average price for weaners was largely encouraged by a €6 rise in the Spanish weaner price in the four week period ended 30 November 2014. Across the EU, Spain recorded the largest increase, despite stability in its finished pig market. Dutch and Danish quotations for weaners also rose, by €1.50 and €1.10, during the same four week period. There were smaller increases in other key markets, including Poland, Germany and Belgium, where prices rose by less than a euro. Amongst the key markets, France was the only country to record a fall in weaner prices, albeit by only 80 cents, during the four week period.