EU sow market stabilises
Having been on a downward trend since the summer of 2013, EU sow prices have shown some signs of stabilising since the start of this year.
This follows some strengthening of the finished pig market, although sow prices have not improved to the same extent. In the key German market, the M1 sow price started the year at €1.05 per kg, before losing four cents during January. It recovered during February to reach €1.09 per kg and was then broadly stable during March and April. However, in the latest two weeks the price has fallen again, to reach €1.03 per kg in week ended 10 May, following some weakening of the finished pig market.
Prices in Denmark and the Netherlands have shown similar trends, albeit at lower levels, with the latest prices being 70¢ and 79¢ per kg respectively. French prices recovered more strongly in February, meaning that at 88¢ per kg in the latest week they were 10 cents up on the start of the year. No GB sow prices are currently being published by AHDB. However, the domestic price is normally driven by those in Germany, albeit at a discount, which has grown in recent years. Therefore, it is worth noting that, despite being stable in euro terms, the German price has fallen from 82p to 76p/kg in sterling terms. Reports suggest that GB prices have also fallen and are currently at their lowest level for over 7 years.