Page 10 of articles about pig price in Articles

Guillem Burset comments on various current affairs of the European pig market: stocks and private storage, merger of Tican and Danish Crown, prospects on the price recovery…

Unfortunately, it looks like the ground hog of pork price forecasts saw a long shadow when it emerged in late February and the tiny bubble of hope that the already late-to-end seasonal lows of winter were over was put on hold.

The prices recover both in northern and southern Europe.

In February, the price should improve, slightly and with difficulty, but it should ameliorate.

We think that administrations must take urgent actions regarding the crisis in the pig sector.

In our sector we know well that if Germany sneezes the whole of Europe catches a cold. Last Wednesday the prices dropped by €0.04 in Germany…

All the ingredients required for a pig industry expansion: Oxygen (PEDv becoming manageable) + fuel (high profits and lower feed ingredient prices ahead) + a spark (intentions to farrow 3-4 % more sows).

All the European markets lower the prices very quickly to position their meat as best as possible with respect to its rivals. The search for alternative markets is essential…

During July Germany has made a strong challenge that is difficult to process for the whole of Europe.

If no disturbing health factors appear, this year will be remembered as a very positive one.

The future for the European pig producers seems clear and the heart of the matter lies in knowing how the different markets will reposition themselves.

Increased prices for pork will lead to decreases in quantity demanded by the vast majority of consumers, export and domestic. This is especially the case in the current structurally high unemployment situation which has seen inflation-adjusted per capita personal income fall steadily since the market crash of 2007.

It seems that the price has initiated its spring rise, but many factors intervene. Whilst the Russian borders are still closed the collapse of some cuts (especially fats) will be inevitable.

Time will tell if PEDV is the cause but weaned pig and feeder pig prices began to turn up in June, a couple of months ahead of their traditional seasonal bottoming with the turn toward seasonal highs which peak usually in February or March.

When you earn a profit, you have created more tangible value than the cost of the scarce global resources used to create your final product.

Globalization is a fact, and regional or national peculiarities are progressively less important.