The WHO's imprudence or the last drop
The European market is saturated with pork since late summer. The WHO's report has been an ice-cold shower for the whole of the European pig sector.
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The European market is saturated with pork since late summer. The WHO's report has been an ice-cold shower for the whole of the European pig sector.
The only prospect for growth in both the EU and the US is increasing net export sales. We are at an interesting cross-roads about which pork producing nation or group of nations will capture that opportunity.
We think that in October the price will still fall in Spain. A correction for the alignment with our neighbours is prevailing.
The harsh reality is that the outlook is bleak in all Europe.
Big news in US as Seaboard and Triumph Foods announce plans to build and operate a large-scale packing plant in Sioux City. One of the things which this move signals is the further coordination of the production sector with consumer demand.
April has gone by with a surprising change in the trend of several European markets.
Everyone in the United States is waiting for the return of the seasonal pattern and the prospect of prices breaking out of this extended period of flat-lining which has gone on for almost two months now.
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.