Before Easter, the demand for pigs ready for slaughter in Germany is limited, so that the price detectors could not escape the price pressure of the large slaughterhouses. The demand for grilled meat is lively given the upcoming Easter holidays at food retailers. However, shipping to China is restricted. Only the bare minimum of by-products are packed. After Easter, analysts anticipate lower meat processing needs and lower overall demand. The salvage opportunities for salmon and processed goods have declined following the unchanged pig price in the past week. In particular, the Italian business developed noticeably against the background of the coronavirus pandemic and the resulting curfew as well as the lack of demand from the catering and tourism sectors.
Source
Hansa Terminhandel GmbH
