Uncertainty about further sales opportunities during the Corona crisis will depress slaughter pig prices in the coming week. Today, the association of producer groups for cattle and meat noted the pig price at 1.96 € / kg SG, which is 6 cents less than last week.
German meat marketers report impulsive demand. The hope is that the export business to Eastern Europe will be maintained. In the holiday regions, however, the tourists stay away. The fear of the corona virus unsettles the meat industry, discounts are granted.
Sales to Italy break down. It is the most important sales market for ham from Germany. Fortunately, shipping to China is starting again. However, Spanish exporters report that Americans are now fierce competition in China.
Source
HANSA Terminhandel
