Pig Prices Decline in Spain as German Hogs Seen Stable by ISN

Pig prices declined this week in Spain and France while bottoming out in Germany and the Netherlands, said industry group Interessengemeinschaft der Schweinehalter Deutschlands e.V.

Hog prices in Spain, the European Union’s second-biggest producer, fell for an eighth week to 1.74 euros ($2.27) a kilogram (2.2 pounds) from 1.756 euros the previous week, Damme, Germany-based ISN wrote in a report on its website yesterday. In Germany, the largest breeder, prices were stable at 1.676 euros.

Pork accounts for about half of meat consumption in the 27-nation EU. Europeans will probably eat less of the meat this year and next after prices rose and economies slowed, with per-capita consumption set to fall to 40.3 kilograms in 2013 from 41.2 kilograms in 2012, the bloc forecast in September.

“The unchanged German benchmark quote on the whole brings stability to the European price structure,” ISN wrote. “Nevertheless, many price quotes again show a weak trend.”

French prices dropped for a third week to 1.611 euros a kilogram from 1.659 euros a week ago. The cost of hogs also fell in Denmark to 1.772 euros a kilogram from 1.798 euros, while prices in the Netherlands, Belgium and Austria were unchanged after dropping last week.

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