Decline in EU weaner prices
In the 12 weeks ended 26 November, the average EU weaner price fell €5.53 to stand at €42.12/head, continuing on the downwards course that began in May. The current quote is now €2.46 lower than year earlier levels.
Prices fell behind year earlier levels for the first time this year in early October, and despite a brief upturn, have remained lower since week ended 6 November. Nonetheless, figures in recent weeks have demonstrated overall more stability. Although it’s feasible that this is a result of buoyed demand before the Christmas season, and not indicative of future movements. The downhill trend witnessed in weaner prices is fairly reflective of the finished pigs market, and supports reports that current supply is outweighing demand.
In Germany, the largest EU pig meat producer, the average weaner price fell €16.30 in the 12 weeks preceding 26 November to €46.00/head, predominantly driving the overall decline, while the Netherlands price also fell a substantial €12.75, to €28.50. Danish prices declined a more modest €5.53 within the period, to stand at €42.19. The only major producing member state to buck this trend was Spain with a reported rise of €4.62 to €34.30, which was insufficient to offset the widespread declines.
Annie Linekar, Trainee Analyst
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