October 27, 2006

European pork prices falling

Pork prices throughout the EU have continued sliding, having fallen 15 percent since mid-August.

However, spot quotes have reflected the static nature of the Deadweight Adjusted Pig Price, which remained at 108.65p.

The relative strength of the DAPP, which has been influenced to some extent by the rising feed prices in cost of production related contracts, has encouraged sellers to market as many contract pigs as they can to ease the pressure on spot supplies.

However, rising imports and falling pig prices in many parts of the EU have dampened demand.