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Hog Prices Stable in Germany, Climb in Netherlands, ISN Reports

German and Spanish pig prices were stable this week, while rising prices in the Netherlands and Belgium may signal an upward trend for European Union hogs, industry group Interessengemeinschaft der Schweinehalter Deutschlands e.V. reported.

Hog prices in Germany, the EU’s biggest producer, were 1.626 euros ($2.09) a kilogram (2.2 pounds) for a seventh week, while in Spain pigs were 1.818 euros a kilogram for a fifth week, Damme, Germany-based ISN wrote in an online report today. Dutch prices climbed to 1.566 euros from 1.557 euros.

Pork accounts for about half of meat consumption in the EU. Average consumption of pork in the 27-nation bloc is forecast to fall to 40.1 kilograms per person this year from 40.5 kilograms in 2012, the EU reported last month.

“The slaughter-pig market in Europe at the start of the new butchering week shows cautious first signs of the turnaround long awaited by producers,” ISN wrote. “The clear price increase is still absent.”

Belgian prices advanced to 1.581 euros a kilogram from 1.569 euros, while hogs were unchanged in Denmark, Austria and Ireland. In France, the EU’s third-biggest pig producer, prices slipped for a third week to 1.653 euros a kilogram from 1.671 euros, while in Italy they fell to 1.627 euros from 1.715 euros.

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